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Currency Overlay
Neil Record
€ 128.71
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Description for Currency Overlay
Hardcover. Provides a comprehensive description of currency overlay, its history, the reason for its emergence, the debates and controversies, the different styles of currency management, and the industry's performance track record. This book also uses diagrams, charts, tables and explanatory boxes to explain the concepts. Series: Wiley Finance Series. Num Pages: 316 pages, diagrams, charts, tables. BIC Classification: KCBM; KFFM. Category: (P) Professional & Vocational. Dimension: 253 x 171 x 28. Weight in Grams: 686.
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.
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 ... Read more
- 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
Product Details
Format
Hardback
Publication date
2003
Publisher
John Wiley & Sons Inc United Kingdom
Number of pages
316
Condition
New
Series
Wiley Finance Series
Number of Pages
320
Place of Publication
New York, United States
ISBN
9780470850275
SKU
V9780470850275
Shipping Time
Usually ships in 7 to 11 working days
Ref
99-50
About Neil Record
NEIL RECORD has spent the majority of his working life as a currency overlay manager. He was educated at Oxford and London Universities, and early in his career worked in the Bank of England as an Economist. In 1983, he founded Record Currency (formerly Treasury) Management, the firm he has Chaired and guided for twenty years. The author has ... Read more
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