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.
- 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.