Dynamic Currency Management: Yes Alpha, No Beta

CFA Society Switzerland
  • Englisch
Overview Investors always seek diversifying opportunities, and today this search takes place in an environment of high equity valuations, low bond yields, and increasing interest rates in some locations. Geopolitical, trade, and other macro influences pose vulnerability to potential downside from taking on more capital market beta. The merits of dynamic currency investing as a source of macro diversification and positive real return are often underappreciated and underused. Amid new and alternative asset classes, dynamic currency management is a well-founded, liquid, and viable source of investment alpha. Learning Outcomes - Currency management to provide positive real returns leveraging the tendency for currencies to revert to fundamental value (PPP). - Currency management take advantage of macro economic inefficiencies. - Currencies provide macro diversification via low correlation with equities.
  • Finanzwirtschaft
  • Risk- und Portfolio Management
  • Wealth Management
CFA Society Switzerland
041 74 100 74
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