Portfolio Trading Update
APFX Trade Tracker - Q1 2026
We’re almost halfway through Q1, which makes it an appropriate time to review the FX&Rates portfolio performance so far this year. Even though it has been a volatile start to 2026 in the cross-asset space (Crypto, Nat Gas, precious metals), G10 FX and rates markets have arguably been more orderly.
That doesn’t mean there haven’t been key events to capitalise on, including the situation in Japan with Yen dynamics, fiscal and monetary policy issues in the UK, outperformance in Australia and more.
Below, we run through how trades from our recent notes have performed and how we’re positioned right now.