---
title: Currency Hedging's Impact on Equity Fund Performance
url: https://www.ml-quant.com/papers/ssrn/4703528/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: SSRN 4703528
source_url: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4703528
featured: 2024-01-23
citations: unknown
topic: Derivatives & Volatility
---


# Currency Hedging's Impact on Equity Fund Performance

The study examines the effect of currency hedging on the alphas and fund flows of currency-hedged equity funds, introducing a currency hedging return factor to account for hedging activities in factor models.

- Source: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4703528
- Identifier: SSRN 4703528
- Released: 2023-09-09
- First featured: Quant Letter No. 34 (2024-01-23): https://www.ml-quant.com/issues/2024-01-23/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Derivatives & Volatility

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