Swiss bank launches a UCITS high-yield currencies fund

Tue Oct 26, 2010

Swiss banking group SYZ & Co has launched high-yield currencies fund within the UCITS wrapper.

The Oyster ForExtra Yield EUR, a new sub-fund, seeks to take advantage of the high interest rates paid by certain currencies.

The sub-fund is part of the bank’s Luxembourg-domiciled Oyster SICAV.

The strategy was first tested for two years in a structured product issued by JP Morgan Structured Products and managed identically.

Akimou Ossé from SYZ & Co

Each month the fund’s assets are invested via forward foreign-exchange contracts in the five currencies having...

ISSN: 2151-1845 / CDC10004H

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