Profiting from Currency Wars


Currencies can provide a rich source of investment ideas for portfolio managers who are able to profit from them in a world of experimental monetary policy and beggar-thy-neighbor attitudes to currency depreciation, says Peter Fitzgerald, Global Head of Multi-Assets at Aviva Investors.

Key Points:

  • Currency exposures play a significant role in helping to generate returns and manage risk within the Virtus Multi-Strategy Target Return Fund, which is subadvised by Aviva Investors.
  • The Fund has positions aiming to profit from the U.S. dollar appreciating against the renminbi, Australian dollar, and Saudi Arabian riyal, while another position aims to make money from the U.S. currency depreciating against the Indian rupee.
  • Currency markets will offer opportunities to help provide the performance clients desire for some time yet.
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Past performance is not a guarantee of future results.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.