A good year for managers of currency-hedged ETFs
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New York
AS the US dollar strengthened throughout 2015, managers of currency-hedging exchange-traded funds had a banner year - they collected one of every US$4 invested in US ETFs and rewarded their investors well.
Now, they are doubling down with plans for as many as 41 new currency-hedging funds on file with regulators. But many of those funds may come to market after the easy money in currency hedging has been made.
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