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FM & SMALL EM: Gaining FX protection through banks

    Rahul Shah
    Rahul Shah

    Head of Financials Equity Research

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    Tellimer Research
    29 May 2018
    Published byTellimer Research
    Some banks offer a natural hedge against currency devaluation risk due to their net long foreign currency positions, enabling investors to gain exposure to long-term positive fundamentals (demographics, financial inclusion, institutional improvements and so on), while also providing some FX protection.