shensor 发布了更新 1年， 11个月 之前
British American Tobacco shares have had a nice run in the past year, rising from £37 to £46 in London. But American buyers did not enjoy the ride. Pounds lost value almost as fast as the shares gained it. Translated back into dollars, the stock went sideways.
Stack currency risk on top of equity risk and it’s no surprise that venturing overseas makes some investors seasick. But there is the option to take Dramamine. When you invest, you can make a side bet against the currency you’re investing in. You could couple a purchase of BAT or AstraZeneca or Shell with a short position in sterling. You could marry Toyota to a yen short and Roche to a Swiss franc short.