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M* Study The Impact of Foreign-Currency Movements On Equity Portfolios
FYI: In this paper, we will look at the history of the U.S. dollar’s performance over the past 40 years, discuss the impact of foreign-currency movements on international-equity portfolios, and evaluate the historical risk-adjusted returns of using either a currency-hedged or unhedged internationalequity strategy within a diversified portfolio. Regards, Ted http://corporate.morningstar.com/US/documents/ResearchPapers/Impact-Foreign-Currenty-Movements-Equity-Portfolios.pdf
