原版书 Reading 18, p384 Q24
case中第三个bullet point何老师讲解里面说emerging market不要hedge,投资的目的就是为了最大化收益。可是EM货币不稳定,像答案中说的那样volatility大,这不是应该要hedge更好吗?这样就既得到high interest and high equity returns, but at the same time, avoid the risk of depreciation of the foreign currency.