The strengthening of the US dollar has re-energized the debate about whether American investors should hedge currency exposures in their international investments so as to eliminate the impact of foreign exchange fluctuations on their portfolios. When it comes to equities, the answer for most investors is no, according to investment analyst Catherine LeGraw. Her authoritative white paper adroitly debunks some of the myths about currency hedging. getAbstract recommends it to US investors who want to understand the dynamics of global portfolios.
About the Author
CFA charterholder Catherine LeGraw is a member of GMO’s Asset Allocation team. She has worked as an analyst at Bear, Stearns & Co. and as a director at BlackRock. She studied economics at the University of Pennsylvania.
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