| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060173 | Economics Letters | 2012 | 5 Pages |
Abstract
⺠We examine the benefit of currency hedging for emerging-market equity investment. ⺠No-hedge portfolio often has higher Sharpe ratios than full-hedge portfolios. ⺠No-hedge portfolios and optimal-hedge portfolios have comparable Sharpe ratios. ⺠Hedging generates low-volatility, negative returns uncorrelated with stock investment.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Daehwan Kim,