NEW YORK ( TheStreet) -- The slide in the euro vs. the U.S. dollar has been huge this year and it may not be finished. Whether it falls further or rebounds, it's important to know how much exposure you have to the euro in your ETFs, in case you want to over- or underweight exposure.Investors in foreign ETFs have two components to their return. One is the return in local currency of the asset the fund holds, such as stocks or bonds. The second is the currency return. For example, year to date, an American investor sees the MSCI U.S. Index is up 1.9%, while the foreign MSCI EMU Index is down 21.0%. To an investor whose base currency is euros, the foreign MSCI U.S. Index is up 18.5% and the MSCI EMU Index is down 8.1%.
Know Your ETF's Euro Exposure
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