After turning in back-to-back years of negative returns for only the second time in 20 years, the Barclay Currency Traders Index (CTI) is off to a decent start in 2007.
The index, which measures currency based managed money programs (either futures or spot forex), was up 0.05 percent through Jan. 31. Started in January 1987, the CTI has an annual compound return of more than 10 percent, but it dropped almost a half-percent in 2006 after falling 1.2 percent in 2005.
In 2006, there were 106 programs calculated in the index, and Barclay has not yet disclosed if that number has changed in 2007.
Barclay’s BTOP FX index, which includes the 50 currency trading programs with the most assets under management, was down 0.14 percent to start the year through Jan. 31. The index, which began in January 2005 and is calculated daily, reached an all-time high of 1,023.64 in December 2005 and closed on Jan. 31 at 1,006.49.
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