Institutional Investors and Foreign Exchange Risk

Timo Korkeamaki; Danielle Xu

doi:10.1142/S2010139215500135

Institutional Investors and Foreign Exchange Risk

Timo Korkeamaki^*, Danielle Xu

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Tutkimustuotos: Lehtiartikkeli › Article › Scientific › vertaisarvioitu

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Abstrakti

We study institutional appetite for stocks with FX exposure, and find variation among institution types. Institutions that are by their nature more likely to engage in active management of foreign exchange risk in their portfolio, namely mutual funds and hedge funds seek stocks with foreign exchange exposure. Institutions that are constrained by regulation tend to avoid foreign exchange exposure.

Alkuperäiskieli	Englanti
Artikkeli	1550013
Julkaisu	Quarterly Journal of Finance
Vuosikerta	5
Numero	3
DOI - pysyväislinkit	https://doi.org/10.1142/S2010139215500135
Tila	Julkaistu - 1 syysk. 2015
OKM-julkaisutyyppi	A1 Alkuperäisartikkeli tieteellisessä aikakauslehdessä

Pääsy asiakirjaan

10.1142/S2010139215500135

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AB - We study institutional appetite for stocks with FX exposure, and find variation among institution types. Institutions that are by their nature more likely to engage in active management of foreign exchange risk in their portfolio, namely mutual funds and hedge funds seek stocks with foreign exchange exposure. Institutions that are constrained by regulation tend to avoid foreign exchange exposure.

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U2 - 10.1142/S2010139215500135

DO - 10.1142/S2010139215500135

M3 - Article

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Institutional Investors and Foreign Exchange Risk

Abstrakti

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