Currency Overlay: A Practical Guide

Textbook: Currency Overlay: A Practical Guide

Author: Hai Xin

ISBN: 1904339174

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By providing solutions to real-life problems and issues that have actually been raised by investment managers Currency Overlay: A Practical Guide is the most relevant and tested guide available to you. It discusses the myriad of available approaches, styles and philosophies to clarify the concept of currency overlay management and presents a balanced and objective overview of both the return and risk aspects of currency in investment portfolios.

Currency overlay works by effectively managing your risk whilst adding significant value to your investment portfolio - and as an investment discipline it is widely regarded to offer a far greater consistency of success than any other.

Hai Xin provides you with all the necessary information you need to set up a currency management programme or to choose one from the market that best suits your investment portfolio. For funds already equipped with a currency management policy this practical guide will provide an objective yardstick for policy review.

As one of the first titles on the market to focus specifically on currency overlay you will find no better guide. Until now you had to rely on often impractical and biased information drawn from a variety of sources. With Currency Overlay you will save time and effort with all the vital information you need succinctly packaged into one manageable volume. What's more, with minimal technical knowledge required you will find this extensively referenced title both highly accessible and practical with examples illustrated with clear diagrams and figures throughout.

What's more Currency Overlay's comprehensive approach covers the full spectrum of related theoretical and practical topics including: defining and decomposing currency returns, foreign exchange research and currency management styles, optimisation and hedge ratio, benchmark design and performance measurement, option pricing theory and dynamic hedging, emerging market currencies, liquidity and e-commerce.

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