For a few dollars more: global funds take on FX risk
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LONDON/TOKYO/NEW YORK (Reuters) - Some European and Japanese bond investors are taking on more currency risk by buying dollar debt without protecting themselves against potentially devastating exchange rate swings as they seek ways to compensate for sub-zero yields at home. A fund manager in Germany can buy 10-year U.S. Treasuries that offer minimal credit risk at yields of up to 1.6%, more than 2 percentage points more than for German Bunds.But that juicier yield is available only if she..