Currency managers divided on net foreign assets as an indicator
The net foreign assets (NFA) position of countries is an under-rated indicator of currencies that isn't used enough when making FX investment decisions, according to Andy Seaman, partner and portfolio manager at investment manager, Stratton Street Capital in London.
NFA is defined as a country's cumulative current account over time, or the value of the assets the country owns abroad minus the value of the domestic assets owned by foreigners, adjusted for valuation changes. At Stratton Street
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