Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
FYI: Here's a trick question: Are Spanish stocks up or down this year? For someone sitting in a Barcelona cafe, the answer is obviously up. Spanish stocks have climbed 10.9 percent in euro. But for someone counting in U.S. dollars, each euro is worth less than at the start of the year, so the same MSCI Spain index is down 1.7 percent in dollar terms. Regards, Ted http://www.denverpost.com/business/ci_27985228/currency-hedged-funds-help-dodge-dollar-drag
