Saxo Bank’s forex fund flourishes online
Although Saxo’s fund has been active since December 2000 (since then the fund is up 32.81%) -- it was launched online in December 2002. Client interest has since been booming, said Kim Fournais, chief executive officer at Saxo in Copenhagen.
"The fund has been performing quite nicely so far this year," Fournais told FX Week. "We’ve seen a lot of interest in it and there is around $10 million in the fund at present." Fournais added that the firm is confident the fund’s allocation will be filled in
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