Understanding the impact of currency hedging on performance

November 2020
As the allocation to non-domestic assets increases, currency hedging is becoming increasingly important. Find out more about the mechanics of a currency hedging programme and how short-term differences can occur in the benchmark-relative returns of hedged and unhedged share classes of the same fund.

Managing currency exposure

March 2020
In this short paper, we review different approaches to access currency and market exposure, while addressing some of the nuances around managing currency overlays and instruments that contain exposure to an investor’s non-base currency.