Exchange rate sensitivity of Australian international equity funds

Karen L. Benson, Robert W. Faff*

*Corresponding author for this work

Research output: Contribution to journalArticleResearchpeer-review

3 Citations (Scopus)


This paper analyses the exchange rate exposure displayed by a sample of Australian international equity trusts (IET). Exchange rate exposure is also examined in the context of differing economic climates with particular emphasis on the Asian crisis in mid-1997. It is found that there is evidence of exchange rate exposure particularly in the context of a multiple exchange rate model. Exposure varies substantially between three alternative time periods with different exposure apparent subsequent to the Asian crisis than prior to this event.

Original languageEnglish
Pages (from-to)95-120
Number of pages26
JournalGlobal Finance Journal
Issue number1
Publication statusPublished - May 2003
Externally publishedYes


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