Nomura launches a currency fund to capture growth in China
Thu Sep 30, 2010
Nomura has launched a regulated currency investment product which aims to provide investors with directional exposure to Chinese economic growth.
The objective of the Nomura C10 Fund, which uses the UCITS wrapper, is to capture the return of currencies which are best positioned to benefit from Chinese growth and yuan appreciation based on their country’s exposure.
The Irish-domiciled fund is multi directional and uses one times leverage.
The rules-based strategy takes long positions in 10 liquid currencies with the highest...
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