In a statement Deutsche Bank said it has launched a new set of foreign exchange (FX) indexes to track 21 emerging market (EM) currencies, indicating a growing relevance and importance of developing markets in the global economy.

“The set of four new non-tradable FX indexes would track EMs that have over the past couple of decades seen increased global investment inflows, growing proportion of government debt issuance, and a significant jump in transaction volumes in FX,” said Deutsche Bank EM strategist Oliver Harvey.

“The new indices track both spot and carry performance of 21 emerging market currencies, serving as a comprehensive set of barometers for EM investors tracking FX”.

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Tags: currencies, Deutsche Bank, developing markets, EM, EM investors, EM strategist, emerging market, foreign exchange indexes, FX indexes, global economy, global investment, government debt, inflows, non tradable, Oliver Harvey, track, tracking FX, transaction volumes