A currency-hedged foreign-stock portfolio return is the weighted average of the foreign stock returns in local currency?

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A currency-hedged foreign-stock portfolio return is the weighted average of the foreign stock returns in local currency? Is this true or false. Explain your answer.
Portfolio
A portfolio is a grouping of financial assets such as stocks, bonds, commodities, currencies and cash equivalents, as well as their fund counterparts, including mutual, exchange-traded and closed funds. A portfolio can also consist of non-publicly...
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Essentials of Investments

ISBN: 978-0077835422

10th edition

Authors: Zvi Bodie, Alex Kane, Alan J. Marcus

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