We isolate a U.S. dollar currency premium by comparing corporate bonds issued in the dollar and the euro by firms o utside t he U .S. a nd e uro a rea. We make s everal empirical observations that dissect the perceived advantage of borrowing in the dollar. First, while the dollar dominates...

The present paper uses a sample of 66 US Dollar-trading Undertakings for Collective Investment in Transferable Securities (UCITS or sometimes-called Newcits) to find that the risk-adjusted performance of some strategies (i.e., Equity Long-biased, FOF, Fixed Income and Sector specific)...