Stale quotes are easily available from many sources on the Internet for thousands of overseas companies. The values shown in a portfolio of non-U.S. stocks will typically be stale prices from the close of business on the previous day. In contrast, live quotes on non-U.S. stocks are the quotes that can be used, in real time, to buy or sell. Such quotes are available from very few sources. Furthermore, all of our quotes, for both U.S. and non-U.S. equities are in U.S. dollars.
Some people think that currency hedging is necessary when they invest in a foreign stock.
Hedging foreign currencies is impractical for all but the largest investor. In addition, the very utility of hedging has often been called into question even for large investors. Many professionals do not believe that this technique improves risk-adjusted returns. Some believe that over the long run, the effects of currency fluctuations even out. Inc. All Rights Reserved.