Be done with risk as trade heads in the right direction

When just 5% of your portfolio was in dollar-denominated assets, no one seemed to mind about a five or even 10% adjustment over the long term. But with many investors now pushing the international element of both their bond and equity positions past 30%, the FX issue has become a headache. There is a risk of holding assets in foreign currencies where the trade goes against you. If that was not bad enough you could also find your supposedly safe sterling equity holdings hit as the big FTSE 100 players report an increasing percentage of their sales and profits in either dollars or euros. B...