FTSE partners with Record to release currency index series

FTSE has partnered Record, a specialist currency investment manger, to release a range of currency Forward Rate Bias (FRB) indices. The indices are designed for long-term investors such as pension funds to provide a passively managed, transparent benchmark delivering currency FRB returns. Record Chairman and chief executive officer Neil Record says: "The indices are designed for pension funds, as they provide uncorrelated returns in the longer term. The indices offer the volatility of bonds and the returns of equities, without being correlated to either." He explains that ...