Parker Global Strategies (PGS) have launched their first investable foreign exchange index, PGS FX Alpha Edge.
PGS FX Alpha Edge is designed to capture alpha available in the global currency markets, as well as to provide a return stream with low correlation to equity, fixed income, commodity markets and most hedge fund strategies.
“FX managers are under-represented in most investors’ overall portfolios, yet there is an increasing realisation that FX should be treated as a distinct and separate asset class,” says Virginia Parker, the President and Founder of PGS. “The timing could not be better for this flexible vehicle as it affords FX exposure as a diversifier for a fund-of-funds, as a portable alpha program, or as FX overlay for global portfolios.”
The Index is available in USD, Euro, and JPY denominations. Investors may elect to access the Index via a customised swap or direct investment in a fund. PGS FX Alpha Edge uses the Deutsche Bank FXSelect platform.