Dramatic currency moves topped the financial news in early 2014. The Argentinian peso and the Russian ruble plunged, while Coke reported lower-than-expected earnings, partly attributed to weaker international currencies.
In the United States, most investors are exposed to foreign currency fluctuations in their portfolios, either through stakes in global companies like Coke or direct ownership of foreign assets including stocks, bonds and real estate. According to the Investment Company Institute, over $1.5 trillion, or 12% of U.S. mutual fund assets, was invested in global equity funds at the end of 2012, and most advisors consider looking overseas for greater diversification and returns for their clients.
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