Shelter from currency shocks draws record cash to hedged ETFs
Flows have more than quadrupled as exchange rates swing in the face of central bank surprises
Wed, Jun 17, 2015 - 5:50 AM
Employees work on the trading floor of the Tokyo Stock Exchange, operated by Japan Exchange Group Inc., in Tokyo on June 16.
ON a recent flight, Susanne Alexandor saw an advertisement for currency-hedged exchange-traded funds (ETFs). The promotion on the seat in front of her highlighted just how aggressively these strategies are being marketed to the masses.