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Currency hedging is often employed with multicurrency portfolios. Using forward rate agreements or currency futures, managers can achieve any currency exposure they want, regardless of the countries in which a portfolio's assets are invested. Karnosky-Singer attribution quantifies the effects of currency hedging using synthetic hedging scenarios. Synthetic hedging is designed to help you measure the cost or risk of a specific currency commitment. The synthetic hedging scenarios include both fully hedged and partially hedged currency positions.
Karnosky-Singer style attribution analysis is available for the following:
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