Hedging FX exposure in small portfolio?

Discussion in 'Ask any question!' started by tert77, Nov 23, 2020.

  1. tert77

    tert77 New Member

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    Hey,
    I'm an european investor with a huge exposure to USD and I would like to hedge this exposure as I believe the dollar will depreciate against the EUR. I'm having trouble finding a good hedge since my ptf is small.
    Options are really expensive and an ongoing charge... I'm not really confortable with futures as I don't know much about and the contract sizes should be to great for me eitherway.
    I have been looking at some currency etf's as I have spare cash I do not plan on investing so I don't mind holding it for hedging purposes (not gaining in the bank either way). I found one called Invesco CurrencyShares EURO Trust but it's denominated in USD so it would be pointless (since the amount gained in the etf would be offset when I later convert back to EUR) right?
    Do you guys have any other suggestion?
    Thanks
     
  2. tert77

    tert77 New Member

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