In this webinar, Christoph Schon, CFA, will demonstrate how a stress-testing framework can be used to support the decision whether to hedge one’s currency exposure when investing abroad, depending on expected returns and cross-asset correlations.
Christoph will look at different types of currencies (reserve, safe-haven, commodity, etc.) and identify their “typical” behaviours relative to stock markets. He will then suggest a range of different scenarios, based on various market regimes observed in the past 18 months, to quantify the potential impact of exchange-rate fluctuations on the realised returns of foreign investments in the United States, the Eurozone, and the United Kingdom.
Where recordings are made, these are a member benefit that are accessed through the member-only platform, CFA UK Discover.
Event: 13:00 - 13:40
CPD Points: 0.75
Christoph V. Schon, CFA, Executive Director, Applied Research, Qontigo
As Executive Director of Applied Research at Qontigo, Christoph Schon, CFA, generates insights into recent risk trends with a particular focus on fixed income and multi-asset class analysis. He is also a regular speaker on risk and performance attribution topics at industry events.
Christoph has over 12 years’ experience in the portfolio risk and performance analysis space, having previously worked for Lehman Brothers/Barclays POINT and UBS Delta, where he held various roles as Marketer, Head of Client Services and Client-Facing Quant. He started his career in 2000 as a Fixed Income Research Analyst at Dresdner Bank in Frankfurt before joining Dresdner’s FI index research group in 2002. Christoph also served as a member of the iBoxx European technical committee until 2006.
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