Subject: US equity but not $ exposure
"Foreigners may have returned to buying US assets, but they don’t want the dollar exposure that goes with it,”
... helps explain an apparent paradox ... how Wall Street stocks have staged a roaring comeback without triggering a recovery in the dollar.
... Around 80 per cent of the roughly $7bn of money that has flowed into foreign-domiciled US equity exchange traded funds over the past three months has been on a hedged basis ... That figure was about 20 per cent at the start of the year.
https://archive.ph/6w5lM
Sounds very clever to me.
I wish the same would be true for my Berkshire $ exposure.