The Case for Active Currency Hedging

BNP Paribas Investment Partners

With the rising volatility in currency markets, investors are examining ways to achieve better risk-adjusted returns of their international equity portfolios. While passive hedging may reduce the currency risk of a portfolio, it subsequently faces liquidity risk and opportunity costs.
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Spotlight

Financial intermediation has changed dramatically over the past 30 years, due in large part to technological change. The paper first describes the role of the financial system in a modern economy and how technological change and financial innovation can affect social welfare. We then survey the empirical literatures relating to several specific financial innovations, broadly categorized as new production processes, new products or services, or new organizational forms. In each case, we also include examples of significant fintech innovations that are transforming various aspects of banking. Drawing on the literature on innovations from the 1990s and 2000s informs what we might expect from recent developments.


OTHER ON-DEMAND WEBINARS

Current issues in global banking and USD liquidity

To conclude our ongoing discussions about international finance in the YSI Financial Stability Working Group, we will be exploring questions of international credit and banking, capital flows and USD liquidity...

Understanding MiFID II

ICAEW

How the directive will impact the European securities markets structure and what investment firms need to do to prepare for implementation.

China Foreign Exchange Capital Investment Update and Implications to MNCs

Citi

China foreign currency regulator, the State Administration of Foreign Exchange (SAFE), has announced several de-regulation rules over the past three years. A SAFE Pilot Program granted many corporates substantial benefits. What are the rules and how can your organization effectively utilize available tools to reap the resulting rewards?

Explore two routes to smarter capital investments

FCM's Green Municipal Fund

During this webinar you'll learn how to build your asset management skills using concepts and systems to help you analyze project life cycle costs and benefits. Get an overview of benefits to taking a life cycle approach and learn about two systems: the Envision® Sustainable Infrastructure Rating System used in the Municipality of Lambton Shores, ON, and the City of Calgary's locally-developed triple-bottom-line approach. Speakers will share their experience and talk about how such tools can help you get the best value from your community's infrastructure.

Spotlight

Financial intermediation has changed dramatically over the past 30 years, due in large part to technological change. The paper first describes the role of the financial system in a modern economy and how technological change and financial innovation can affect social welfare. We then survey the empirical literatures relating to several specific financial innovations, broadly categorized as new production processes, new products or services, or new organizational forms. In each case, we also include examples of significant fintech innovations that are transforming various aspects of banking. Drawing on the literature on innovations from the 1990s and 2000s informs what we might expect from recent developments.

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