TY - JOUR T1 - Strategic Asset Allocation and International Investing JF - The Journal of Portfolio Management SP - 53 LP - 60 DO - 10.3905/jpm.2000.319783 VL - 27 IS - 1 AU - Richard C. Grinold AU - Richard A. Meese Y1 - 2000/10/31 UR - https://pm-research.com/content/27/1/53.abstract N2 - 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. ER -