level of real returns consistent with their investment objectives. While inflation-linked bonds and derivatives have been … developed to hedge the effects of inflation, their limited supply and liquidity lead many investors to continue to rely on the … indirect hedging properties of traditional asset classes. In this paper, we assess these properties over different time …

This paper examines the benefits from hedging the currency exposure of international investments in single- and multi … 2009, hedging of currency risk substantially reduced the volatility of foreign investments at a quarterly investment … hedging for risk reduction purposes remained strong.In addition to its impact on risk, hedging affected returns in …