| Algorithms are proving to be poor at timing currency markets, if a group of new exchange-traded funds is any indication. In January, ETF-industry leaders BlackRock’s iShares unit and WisdomTree Investments both launched slates of international stock funds that are inconsistently hedged against currency moves, based on when and how their algorithms tell them to hedge.
So far this year, of the seven funds in both groups, only one is performing better than comparable funds that are unhedged. Three of the seven also lagged comparable funds that were fully hedged against currency moves...............................................Full Article: Source
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