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@willumg there is no discrepancy Think of Euro as the opposite of the ARS over the period OP mentioned. the exposure is to assets in the fund, not to the currency it's denominated in

@niaa Does no one in this thread understand that the currency a fund is denominated in does not matter at all except for conversion fees? If the euro strengthens relative to the dollar, the returns of the fund in euro will be lower because the euros are worth more compared to dollars. Imagine...