Currency overlay managers see -0.32% return

The median fourth-quarter return for 17 currency overlay managers with a combined $93 billion in assets was -0.32%, according to an analysis by BNY Mellon Asset Servicing. Despite the negative returns for the quarter, the managers posted returns of 0.26% for the year. The currency managers posted median annualized returns of -0.23% for three years and -0.03% for five years, both ended Dec. 31.