TY  - JOUR
TT  - Efficiency of Currency Asset Classes
AU  - Safarzadeh, Mohammad R.
AU  - Nazarian, Fatemeh Ibrahimi
AU  - Molina, Ana Kristel C.
PY  - 2013
DA  - June
JF  - International Journal of Economics and Financial Issues
JO  - IJEFI
PB  - İlhan ÖZTÜRK
WT  - DergiPark
SN  - 2146-4138
SP  - 544
EP  - 558
VL  - 3
IS  - 2
KW  - Currency asset class
KW  - risk and return
KW  - fund allocation
KW  - efficient frontiers
N2  - Analyzing the risk and return for the S&P Currency Index Arbitrage and the Merk Absolute Return Currency Fund, this study intends to find whether currency asset classes are worthwhile investments. To determine where the efficient currency portfolios lie in the risk and return spectrum, this paper compares the two portfolios to fixed income and equity asset portfolios. The results lead to a baffling conclusion that, in general, the returns to low-risk currency asset portfolios are higher than the equity asset portfolios of same risk level.
UR  - https://dergipark.org.tr/tr/pub/ijefi/issue//351930
L1  - https://dergipark.org.tr/tr/download/article-file/362791
ER  -