RT Journal Article
SR Electronic
T1 Strategic Asset Allocation and International Investing
JF The Journal of Portfolio Management
FD Institutional Investor Journals
SP 53
OP 60
DO 10.3905/jpm.2000.319783
VO 27
IS 1
A1 Richard C. Grinold
A1 Richard A. Meese
YR 2000
UL https://pm-research.com/content/27/1/53.abstract
AB 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.