Managing currency in portfolios

About this Lecture

This lecture instructs farrelly’s subscribers on the principles of managing currency in portfolios including:

• the key elements for the scope of a currency hedging policy;
• why philosophy is critical to developing a currency hedging policy;
• how policies around hedging may differ for different types of investors;
• theories of currency drivers;
• Puchasing Power Parity in practice;
• the principal drivers of currency-hedged returns and costs;
• the process for currency decision-making;
• the decision-making process for currency hedging equities;
• how currency hedging impacts volatility; and,
• factors to consider when setting a curren...