Check under your ETF’s hood first. :
By now it’s plainly evident that interest rates are in an uptrend. The yield on the 30-year Treasury bond has ticked up 62 basis points over the last 12 months, a 22 percent ascent. That hurt a lot of unhedged portfolios. And what of hedged assets? Well, some have fared better than others. Now, nobody should hold on to a hedge indefinitely. Hedges tend to be costly, so they’re more effectively employed to buy time for realigning a portfolio to current market conditions. A hedge provides cover while assets are redeployed.