%0 Journal Article %A Richard C. Grinold %A Richard A. Meese %T Strategic Asset Allocation and International Investing %D 2000 %R 10.3905/jpm.2000.319783 %J The Journal of Portfolio Management %P 53-60 %V 27 %N 1 %X Strategic asset allocation studies often deal with international assets on an unhedged basis. The potential hedging of international investments is either not considered at all or is left as a secondary decision after the overall commitment to international assets is established. The authors argue that this practice introduces a systematic and substantial bias against international investing and the use of hedging to reduce currency risk. %U https://jpm.pm-research.com/content/iijpormgmt/27/1/53.full.pdf