The Wall Street Journal
Art Direction: Sheryl Dermawan

“Investing overseas entails currency risk. If foreign currencies fall, any holdings based in those currencies will be worth less in dollar terms. Some funds hedge against that exposure by using currency forward contracts. But given that currencies will fluctuate up and down over time, such contracts don’t have much of an impact on the funds’ long-term returns, says Dan Sotiroff, passive-strategies analyst at financial information firm Morningstar.”

November 2018