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Foreign Investors Target US Core Assets

South Korea, Singapore and German open-ended funds lead the way.

By Les Shaver | January 29, 2021 at 05:02 PM

Since the Federal Reserve reduced rates at the beginning of the COVID-19 pandemic, hedging costs have come down for foreign investors.

“That [hedging] is the cost of insuring against the movement in the currency that’s being invested versus the dollar,” says Alex Foshay, vice chairman and head of Newmark Capital Markets’ International Capital Markets Division. “Institutions in many countries around the world that are investing in the US are required by law to hedge the equity portion of their investment, most notably Korean institutions and German open-ended funds.”

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