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April 27, 2015

Currency-hedged funds are booming today

  • Before jumping in, investors should keep in mind that currency-hedged funds won't always be on top and aren't for everyone.
  • By STAN CHOE
    AP Business Writer

    NEW YORK — Here's a trick question: Are Spanish stocks up or down this year?

    For someone sitting in a Barcelona cafe, the answer is obviously up. Spanish stocks have climbed 10.9 percent in euros. But for someone counting in U.S. dollars, each of those euros is worth less than at the start of the year, so the same MSCI Spain index is down 1.7 percent in dollar terms.


     
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