The cash that hedge funds, institutions and money managers raised – money from the yen and euro carry trade as well as money from the sale of assets during the first few weeks of October.

Adding currency exposure – at least in the form of a carry trade product – can improve risk-adjusted returns compared to other alternative investments.

One of the key themes that I presented at the start of 2014 was the notion that capital would begin shifting abroad.

The European Union wants a weak Euro, and the Federal Reserve wants a strong Dollar. More than likely, the Euro will continue depreciating versus the U.S. Dollar in the coming months. Is your portfolio prepared for a weak Euro?