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local currency based investments
Old 12-22-2010, 09:36 AM   #1
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local currency based investments

Fidelity now allows for buying foreign equities (bonds too I think) on local exchanges, in local currencies.

Does anyone do this as a way to diversify away from USD denominated assets?

thanks!
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Old 12-22-2010, 02:58 PM   #2
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Originally Posted by JBmadera View Post
Fidelity now allows for buying foreign equities (bonds too I think) on local exchanges, in local currencies.

Does anyone do this as a way to diversify away from USD denominated assets?

thanks!
This would be a great way for those that retire abroad to have local currency investments and stay away from FBAR and FATCA issues. Can you post a link with more info on this
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Old 12-22-2010, 03:14 PM   #3
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This would be a great way for those that retire abroad to have local currency investments and stay away from FBAR and FATCA issues. Can you post a link with more info on this

here is the link to the info from Fidelity:

Fidelity Investments: Site Search

Select International Trading Features.
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Old 12-22-2010, 03:27 PM   #4
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Isn't this the same as investing in regular foreign index funds? These index funds are first mearsure in their local currency and translated back into USD. We use our USD portfolio to buy it in USD.

When foreign equities are purchased in local currency, you're converting USD in your portfolio into local currency and then purchasing is done in local currency. Isn't this the same as above example because, either way, translation from USD to local currency needs to be done either way?
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Old 12-22-2010, 05:36 PM   #5
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One that I am thinking about is ELD an EM bond fund placed in local currencies.
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