With $4.0 trillion in average daily turnover, the currency market has grown significantly in the past decade. As such, we have also seen tremendous growth in the number of investment vehicles for currencies as well as the assets under management within those vehicles. As of June, 2010, these currency products had over $6.5 billion in combined assets under management. This is an annual growth of 80% since 2004!
We are pleased to announce the release of the inaugural Merk Currency Asset Class Survey. In this research piece, we shed light on the scope of the market, the characteristics and the different investment vehicles available within the currency asset class.