MSCI
Inc. MSCI announced today the launch of new daily hedged indices,
as part of the MSCI Hedging and Currency Indices family. The MSCI
Daily Hedged and MSCI Hedged Indices aim to represent the returns of
an MSCI parent equity index with its currency risk hedged back to a
single “home country” currency. The index methodology seeks to reduce
the return effects of currency fluctuations in the parent index.
The MSCI Daily Hedged Indices hedge each foreign currency in the index
back to the home currency by “selling” each foreign currency forward at
the TN (tomorrow next) forward rate each day.
See full press release
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