This paper develops a framework for evaluating the impact of currency hedging on expected returns and volatility and tests the implications for global equity and fixed income portfolios using data…
Global equity markets have diverged widely lately, with European and U.S. stocks strongly outperforming the rest of the world. Investors have become increasingly discerning, rewarding the stocks of…
In recent years, Value has underperformed other factors in global equity markets. However, the sources of Value performance are not identical – it’s worth observing the differences in the sources of…
