16.04.2015 - ETFs: Is Window For Currency Hedge Closed?
Last year the ETF industry launched 10 currency-hedged exchanged traded funds, doubling the total number available, in time to maximize their potential against the falling yen and the euro. But some are now beginning to wonder if the strategy these ETFs follow has hit its sell-by date and the currency hedge is no longer needed. "When the euro cost $1.40, no one believed that Europe would do a quantitative easing," said Brent Schutte, senior investment strategist at Chicago's BMO Global Asset Management, which has $271 billion under management. ..............................................Full Article: Source
Print