Opie, Wei; Dark, Jonathan - In: Journal of Futures Markets 35 (2015) 2, pp. 186-200
<section xml:id="fut21662-sec-0001"> The effectiveness of a currency overlay hedge for a global equity portfolio can be significantly affected by changes in the base currency. Base currency changes have no significant effect on the hedged portfolio risk; however, they may substantially increase or decrease risk relative to the...</section>