Not exact matches
(In 2014, Nike's global sales grew more
than 10 % and Under Armour's grew nearly 30 % while Adidas's grew only 2 % on a
currency -
neutral basis, and declined when measured in U.S. dollars.)
Revenues for Converse were $ 483 million, down 8 percent on a
currency -
neutral basis, as international and digital growth were more
than offset by declines in North America.
Running the same numbers (using TD e-Series funds, though) over a 3 year period shows mixed results: US
Currency Neutral does better
than the non-hedged version whereas the International
Currency Neutral does worse
than the non-hedged version.
So buying a
currency neutral fund rather
than an ordinary fund is a bet that the native
currency will decline in value.