Ebook252 pages7 hours
Currency Overlay
By Neil Record
Rating: 0 out of 5 stars
()
About this ebook
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 is an area of particular growth potential for institutional investors. Coverage includes:
- 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
Related to Currency Overlay
Titles in the series (100)
Financial Engineering with Finite Elements Rating: 0 out of 5 stars0 ratingsCredit Risk Modeling using Excel and VBA Rating: 3 out of 5 stars3/5Understanding Islamic Finance Rating: 5 out of 5 stars5/5Risk Quantification: Management, Diagnosis and Hedging Rating: 0 out of 5 stars0 ratingsMulti-moment Asset Allocation and Pricing Models Rating: 0 out of 5 stars0 ratingsRumors in Financial Markets: Insights into Behavioral Finance Rating: 0 out of 5 stars0 ratingsFinancial Applications using Excel Add-in Development in C / C++ Rating: 0 out of 5 stars0 ratingsPlumbers and Visionaries: Securities Settlement and Europe's Financial Market Rating: 0 out of 5 stars0 ratingsLevy Processes in Credit Risk Rating: 0 out of 5 stars0 ratingsThe Art of Credit Derivatives: Demystifying the Black Swan Rating: 4 out of 5 stars4/5The Handbook of Insurance-Linked Securities Rating: 3 out of 5 stars3/5Market Risk Management for Hedge Funds: Foundations of the Style and Implicit Value-at-Risk Rating: 0 out of 5 stars0 ratingsStructured Finance: The Object Oriented Approach Rating: 0 out of 5 stars0 ratingsThe Future of Banking: In a Globalised World Rating: 0 out of 5 stars0 ratingsIntroduction to Private Equity Rating: 0 out of 5 stars0 ratingsProperty Derivatives: Pricing, Hedging and Applications Rating: 0 out of 5 stars0 ratingsThe LIBOR Market Model in Practice Rating: 0 out of 5 stars0 ratingsEquity Valuation: Models from Leading Investment Banks Rating: 0 out of 5 stars0 ratingsAn Arbitrage Guide to Financial Markets Rating: 0 out of 5 stars0 ratingsAdvanced Modelling in Finance using Excel and VBA Rating: 3 out of 5 stars3/5Modeling and Forecasting Electricity Loads and Prices: A Statistical Approach Rating: 0 out of 5 stars0 ratingsRisk Management in Commodity Markets: From Shipping to Agriculturals and Energy Rating: 0 out of 5 stars0 ratingsAn Introduction to International Capital Markets: Products, Strategies, Participants Rating: 0 out of 5 stars0 ratingsThe Trade Lifecycle: Behind the Scenes of the Trading Process Rating: 3 out of 5 stars3/5Measuring Operational and Reputational Risk: A Practitioner's Approach Rating: 5 out of 5 stars5/5Behavioural Finance for Private Banking Rating: 0 out of 5 stars0 ratingsCredit Derivatives: Trading, Investing, and Risk Management Rating: 0 out of 5 stars0 ratingsStochastic Claims Reserving Methods in Insurance Rating: 3 out of 5 stars3/5Modelling Single-name and Multi-name Credit Derivatives Rating: 0 out of 5 stars0 ratingsDerivatives Demystified: A Step-by-Step Guide to Forwards, Futures, Swaps and Options Rating: 3 out of 5 stars3/5
Related ebooks
Currency Strategy: The Practitioner's Guide to Currency Investing, Hedging and Forecasting Rating: 0 out of 5 stars0 ratingsThe Liquidity Theory of Asset Prices Rating: 5 out of 5 stars5/5Asset and Risk Management: Risk Oriented Finance Rating: 0 out of 5 stars0 ratingsCredit Derivatives and Structured Credit: A Guide for Investors Rating: 0 out of 5 stars0 ratingsUnderstanding International Bank Risk Rating: 0 out of 5 stars0 ratingsCopula Methods in Finance Rating: 0 out of 5 stars0 ratingsThe Management of Equity Investments Rating: 0 out of 5 stars0 ratingsMathematical Asset Management Rating: 4 out of 5 stars4/5Market Risk Analysis, Pricing, Hedging and Trading Financial Instruments Rating: 0 out of 5 stars0 ratingsAn Introduction to the Bond Markets Rating: 0 out of 5 stars0 ratingsSecurities Operations: A Guide to Trade and Position Management Rating: 4 out of 5 stars4/5Synthetic and Structured Assets: A Practical Guide to Investment and Risk Rating: 0 out of 5 stars0 ratingsThe Management of Bond Investments and Trading of Debt Rating: 0 out of 5 stars0 ratingsInternational Bank Management Rating: 0 out of 5 stars0 ratingsAlternative Risk Transfer: Integrated Risk Management through Insurance, Reinsurance, and the Capital Markets Rating: 0 out of 5 stars0 ratingsMarket Risk Management for Hedge Funds: Foundations of the Style and Implicit Value-at-Risk Rating: 0 out of 5 stars0 ratingsJ-Curve Exposure: Managing a Portfolio of Venture Capital and Private Equity Funds Rating: 4 out of 5 stars4/5Gilt-Edged Market Rating: 0 out of 5 stars0 ratingsA Currency Options Primer Rating: 0 out of 5 stars0 ratingsAn Introduction to Capital Markets: Products, Strategies, Participants Rating: 0 out of 5 stars0 ratingsPension Finance Rating: 0 out of 5 stars0 ratingsStructured Finance: The Object Oriented Approach Rating: 0 out of 5 stars0 ratingsThe Futures Bond Basis Rating: 0 out of 5 stars0 ratingsRumors in Financial Markets: Insights into Behavioral Finance Rating: 0 out of 5 stars0 ratingsRisk-Adjusted Lending Conditions: An Option Pricing Approach Rating: 0 out of 5 stars0 ratingsPractical Risk Management: An Executive Guide to Avoiding Surprises and Losses Rating: 0 out of 5 stars0 ratingsFinancial Economics of Insurance Rating: 0 out of 5 stars0 ratingsMacrofinancial Risk Analysis Rating: 0 out of 5 stars0 ratingsVolatility and Correlation: The Perfect Hedger and the Fox Rating: 4 out of 5 stars4/5Risk and Financial Management: Mathematical and Computational Methods Rating: 0 out of 5 stars0 ratings
Finance & Money Management For You
The Psychology of Money: Timeless lessons on wealth, greed, and happiness Rating: 5 out of 5 stars5/5The Great Reset: And the War for the World Rating: 4 out of 5 stars4/5The 7 Habits of Highly Effective People: 15th Anniversary Infographics Edition Rating: 5 out of 5 stars5/5Capitalism and Freedom Rating: 4 out of 5 stars4/5Set for Life: An All-Out Approach to Early Financial Freedom Rating: 4 out of 5 stars4/5The Richest Man in Babylon Rating: 4 out of 5 stars4/5Principles: Life and Work Rating: 4 out of 5 stars4/5Just Keep Buying: Proven ways to save money and build your wealth Rating: 5 out of 5 stars5/5The Great Awakening: Defeating the Globalists and Launching the Next Great Renaissance Rating: 4 out of 5 stars4/5The Total Money Makeover by Dave Ramsey: Summary and Analysis Rating: 4 out of 5 stars4/5The Tax and Legal Playbook: Game-Changing Solutions To Your Small Business Questions Rating: 3 out of 5 stars3/5Buy, Rehab, Rent, Refinance, Repeat: The BRRRR Rental Property Investment Strategy Made Simple Rating: 5 out of 5 stars5/5The Freedom Shortcut: How Anyone Can Generate True Passive Income Online, Escape the 9-5, and Live Anywhere Rating: 5 out of 5 stars5/5Financial Words You Should Know: Over 1,000 Essential Investment, Accounting, Real Estate, and Tax Words Rating: 4 out of 5 stars4/5Wealthology: The Science of Smashing Money Blocks Rating: 3 out of 5 stars3/5How to Make Money in Stocks: A Winning System in Good Times and Bad, Fourth Edition Rating: 5 out of 5 stars5/5Retire Before Mom and Dad: The Simple Numbers Behind A Lifetime of Financial Freedom Rating: 4 out of 5 stars4/5The Book on Advanced Tax Strategies: Cracking the Code for Savvy Real Estate Investors Rating: 4 out of 5 stars4/5The Lifestyle Investor: The 10 Commandments of Cash Flow Investing for Passive Income and Financial Freedom Rating: 5 out of 5 stars5/5You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market P Rating: 4 out of 5 stars4/5Family Trusts: A Guide for Beneficiaries, Trustees, Trust Protectors, and Trust Creators Rating: 5 out of 5 stars5/5All Your Worth: The Ultimate Lifetime Money Plan Rating: 5 out of 5 stars5/5The Physics of Wall Street: A Brief History of Predicting the Unpredictable Rating: 4 out of 5 stars4/5
Reviews for Currency Overlay
Rating: 0 out of 5 stars
0 ratings
0 ratings0 reviews
Book preview
Currency Overlay - Neil Record
Enjoying the preview?
Page 1 of 1