Studies

Millennium Global Insights & Opinions.

The “Yield Shield” : An Approach to Managing Emerging Market Currency Risks

Mar 28, 2018 | By Millennium Global

We would like to share some recent analysis on currency effects in emerging market equities portfolios. As investors increase allocations to emerging market equities and bonds, it is important that they consider the currency impact. Foreign exchange makes a significant contribution to the returns and risk profile of emerging markets portfolios, and in our view investors should become familiar with this impact and consider whether to actively hedge this exposure.

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The Importance of Addressing Currency Risk in an International Portfolio

Jan 18, 2017 | By Claire Dissaux

In global investment portfolios throughout the world today, the proportion of investments denominated in currencies outside the base currency of the portfolio is currently at an all time high. As such, the exposure to foreign currency risk in global portfolios is greater than at any time in the history of investing.

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Solutions

Passive Hedging

Passive Hedging

Hedging individual exposures. Aiming at eliminating currency risk.

Dynamic Hedging

Dynamic Hedging

Hedging individual exposures improving on a static hedge

Active Currency Overlay

Active Currency Overlay

Transforming existing exposures improving risk-adjusted returns

Absolute Return

Absolute Return

Unconstrained, aiming at achieving uncorrelated returns

News & Media

Millennium Global Investments awarded €2 bn currency mandate by ERAFP

April 19, 2018

Millennium Global Investments awarded €2 bn currency mandate by ERAFP

Millennium Global contributes to the £1m raised for 'The Felix Project: Help a Hungry Child' campaign

February 13, 2018

Millennium Global contributes to the £1m raised for 'The Felix Project: Help a Hungry Child' campaign

Market volatility spurs some funds to look again at currency hedging

February 7, 2018

Market volatility spurs some funds to look again at currency hedging

FT Podcast, Currencies on the move

December 1, 2017

FT Podcast, Currencies on the move

Insights & Studies

Millennium Global Macro and Currency Outlook: Highlights Q3 2018

July 13, 2018

Millennium Global Macro and Currency Outlook: Highlights Q3 2018

Millennium Global Macro and Currency Outlook: Highlights Q2 2018

April 26, 2018

Millennium Global Macro and Currency Outlook: Highlights Q2 2018

The “Yield Shield” : An Approach to Managing Emerging Market Currency Risks

March 28, 2018

The “Yield Shield” : An Approach to Managing Emerging Market Currency Risks