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Deutsche Bank launches indexes to track 21 emerging market currencies

Deutsche Bank launches indexes to track 21 emerging market currencies

"The new indices track both spot and carry performance of 21 emerging market currencies, serving as a comprehensive set of barometers for EM investors tracking FX," Deutsche Bank EM strategist Oliver Harvey said

Deutsche Bank launches indexes to track emerging market currencies Deutsche Bank launches indexes to track emerging market currencies

German lender Deutsche Bank said on Tuesday it launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy.

The set of four new non-tradable FX indexes would track EMs that have over the past couple of decades seen increased global investment inflows, growing proportion of government debt issuance, and a significant jump in transaction volumes in FX.

"The new indices track both spot and carry performance of 21 emerging market currencies, serving as a comprehensive set of barometers for EM investors tracking FX," Deutsche Bank EM strategist Oliver Harvey said in a statement.

Published on: Jul 06, 2021, 1:19 PM IST
Posted by: Mehak Agarwal, Jul 06, 2021, 1:16 PM IST