Logga in

Record, Neil

Currency Overlay

Record, Neil - Currency Overlay, e-bok

112,20€

E-bok, PDF, Adobe DRM-skydd
ISBN: 9780470871638
DRM-begränsningar

Skriva ut95 sidor with an additional page accrued var 8 timme, capped at 95 sidor
Kopiera till urklipp16 utdrag

Currency overlay is the management of the currency exposure inherent in cross-border institutional investments. Exposure to foreign currencies increases the volatility of their returns, without increasing the returns themselves and academics and consultants recommended that the currency exposure should be stripped out of international portfolios and eliminated as far as practicable.

This book provides a comprehensive description of currency overlay, its history and possible future developments and growth, the reason for its emergence, the debates and controversies, the different styles of currency management, and the industry's performance track record.

This is a subject of international appeal and is an area of particular growth potential for institutional investors.  Coverage includes:

  •  The theoretical case for eliminating currency risk in international portfolios
  • The interplay between asset returns and currency returns, and the effect of this on hedging decisions
  • Benchmarks - their construction and strategic role
  • Least-cost passive overlay
  • The structure of the currency market, and its 'inefficiencies'
  • Active overlay styles
  • Active overlay both restricted and unrestricted (currency alpha)
  • Uses diagrams, charts, tables and explanatory boxes to explain concepts

Nyckelord: BUSINESS & ECONOMICS / Finance BUS027000

Författare
Utgivare
John Wiley and Sons, Inc.
Utgivningsår
2004
Språk
en
Utgåva
1
Sidantal
316 sidor
Kategori
Ekonomisk
Format
E-bok
eISBN (PDF)
9780470871638
Tryckt ISBN
9780470850275

Liknande e-böcker