Hedging Against Forex Moves? Don’t Waste Your Money
When I published my book, Millionaire Teacher, the Canadian exchange traded index funds providing exposure to the U.S. and foreign markets were all “currency hedged”
These were, by far, much better options than actively managed mutual funds, but the hedging created a drag on returns.
Since then, Vanguard (followed by BMO) has offered some non currency hedged ETFs.