Unhedged Asian HNWIs taking a chance on dollar

The weaker dollar is boosting portfolio returns and discouraging high net worth individuals (HNWIs) in Asia from hedging their currency exposures. But it's a gutsy move that carries risks. The US dollar was widely expected to strengthen against other major currencies in 2017 on expectations that the Federal Reserve would continue raising interest rates as the US economic outlook continued to firm, but those expectations were largely dashed as the greenback weakened.  Based on th…