Sentences with phrase «by currency hedging»

So currency hedged funds like the TD e-series that you mentioned are hit twice: once by the 15bp higher MER and again by the currency hedging costs.

The portfolio volatility could be further reduced by currency hedging, which historically has resulted in a better risk - adjusted return profile.

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

Nikhil Kalghatgi, a venture capitalist and early digital currency investor, believes the cryptocurrency market is hindered right now by a shortage of ways for big investors to deploy hedging strategies.

«When you hedge out currency exposure you actually reduce volatility by 20 % to 25 %.

«There is a good chance the euro would weaken again,» he said, saying the currency could reach $ 1.12 - 1.15 during the second half of the year, likely bolstering corporate earnings, although any lift could be delayed by hedging policies.

«NASDAQ ®, NASDAQ OMX ®, NASDAQ - 100 ®, NASDAQ - 100 Currency Hedged CAD IndexSM are trademarks of The NASDAQ OMX Group, Inc. (which with its affiliates is referred to as «NASDAQ OMX») and have been licensed for use by BlackRock Institutional Trust Company, N.A. BlackRock Institutional Trust Company, N.A. has sublicensed the use of the trademark to BlackRock Asset Management Canada Limited.

Canadian investors can avoid the currency uncertainty by opting for a hedged investment.

To some extent, these concerns are allayed by the existence of natural hedges, such as foreign currency export income, although rising US dollar - denominated debt servicing costs at a time of falling US dollar - denominated commodity revenues would obviously be problematic.

Unless these firms» net foreign currency liabilities are hedged, a depreciation of the Australian dollar could result in a deterioration of their balance sheet positions — by increasing the Australian dollar value of their liabilities relative to their assets.

This net foreign currency asset position before hedging has increased from 7 per cent of GDP from the end of March 2009, driven by a decline in the value of foreign currency denominated liabilities.

Tesco fended off an attempt by Unilever to hike prices by 10 % and currency hedging has insulated firms from some of the worst of the pound's fall.

Working people with little disposable cash who are nervous about the condition of the global economy can hedge against instability, systemic risk and currency debasement by acquiring a small allocation of silver.

Other funds diverge from the market, by nature of their investment mandates; for example, EUSC follows a Currency Hedged Dividends strategy and obtains a low Fit score compared with our neutral benchmark.

COMEX synthetic gold and related over-the-counter derivatives are traded in macro strategies implemented by hedge funds, HFT's, and commodity funds in pair trades with interest rate, currencies, equity futures, or even more exotic offsets.

We see that by not currency - hedging bonds, performance has a negligible change.

Oakmark International Fund: The percentages of hedge exposure for each foreign currency are calculated by dividing the market value of all same - currency forward contracts by the market value of the underlying equity exposure to that currency.

Oakmark Global Fund: The percentages of hedge exposure for each foreign currency are calculated by dividing the market value of all same - currency forward contracts by the market value of the underlying equity exposure to that currency.

In February, Mexico's central bank launched a US$ 20 billion currency hedging program — broadly similar to a policy used in 2015 by Brazilian policymakers to stem a fall in the Brazilian real — which had the advantage of providing support for the peso without draining the country's foreign - exchange reserves.

Most offshore issuance by Australian borrowers in the September quarter was denominated in foreign currencies (with companies typically using swap markets to hedge the proceeds back to Australian dollars).

The following Q&A section provides an overview of the approach of currency hedging applied by Franklin Templeton Investments.

In a matter of minutes, the CHF currency surged by 19 % against the Euro taking out many currency traders and even several brokers who had not adequately hedged their risk.

Bitcoin is being helped by growing institutional demand for the digital currency, as hedge funds, day traders and other mainstream investment outfits look to access this burgeoning asset class.

Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments in new markets; breaches in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes in fuel prices and / or other cruise operating costs; any impairment of our tradenames or goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions in the agreements governing our indebtedness that limit our flexibility in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations in foreign currency exchange rates; overcapacity in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases in the price of, or major changes or reduction in, commercial airline services; seasonal variations in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes in which we operate; and other factors set forth under «Risk Factors» in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.

Currency impact can be managed by hedging local currencies back into U.S. dollar, allowing investors to potentially earn local market yields and take advantage of potential local bond price appreciation, with less currency fluctCurrency impact can be managed by hedging local currencies back into U.S. dollar, allowing investors to potentially earn local market yields and take advantage of potential local bond price appreciation, with less currency fluctcurrency fluctuations.

It may take a lengthier rally by the greenback to reinvigorate investors» interest in currency - hedged...

It seems that more and more people justify investing in cryptocurrencies — even at current record prices — by claiming that they're an effective hedge against the instability of fiat currencies.

Get peace of mind that you will avoid currency fluctuations by hedging against GBP, USD, EUR and AUD.

The funds seek to hedge against the negative impact of currency risk by taking short positions in currency forward contracts.

Investors buy into currency - hedged funds on the premise that they can obtain returns provided by foreign stock markets while avoiding the deleterious effects of currency movements.

Investors mistakenly believe that they can have the good and avoid the bad by investing in currency - hedged funds by paying a smidgen more in expenses and fees.

Gopaul adds that, by hedging currency exposure, the new ETFs provide investors with more choice in how they invest, depending on their currency views.

Or do you bear potential currency risk by choosing not to hedge?

DM: I personally think that the debatable benefits of currency hedging for long - term investors are vastly outweighed by the high costs in the form of tracking errors.

A portfolio manager who must purchase foreign securities with a heavy dividend component for an equity fund could hedge risk by entering into a currency swap.

However, investors prefering not to hedge their currency exposure have little choice but to access these markets through ETFs such as Vanguard Europe Pacific ETF (VEA) available in the U.S.. However, by investing in the U.S., Canadian investors are exposed to U.S. Estate Taxes and currency conversion costs.

The cheapest TSX - listed ETF offering U.S. market exposure costs 0.24 per cent to own, although that includes the benefit of currency hedging to block out distortions caused by changes in the Canada-U.S. exchange rate.

The Canadian - listed version of this fund, the Vanguard US Total Market Index (VUS), simply holds VTI and adds currency hedging, so it is affected by the index change as well.

But Canadian ETFs that track the US and international indexes are dragged down by factors such as currency hedging, withholding taxes and poor sampling.

Not only have US stocks significantly outpaced Canada and the rest of the world (albeit with low returns by historical standards), but the US dollar appreciated more than 1 % annually, which boosted returns for Canadian investors who did not use currency hedging.

Gold advocates consider the metal a good hedge against inflation and against poor financial management by governments that control paper currencies like the U.S. dollar or the euro.

That said, our currency hedged Funds, Global Value Fund and Value Fund, were protected against most of the dilution to return caused by declining foreign currencies.

Investors can potentially mitigate that risk by purchasing a «currency hedged» fund or ETF.

By using the currency hedged approach, you can also keep a bullish view on the U.S. dollar relative to other currencies.

These prices are generally specified in forward contracts that are used by cross-border companies to hedge against currency risk.

Alex: In my opinion, you don't need a hedge for VEA because though it is denominated in USD, it holds stocks denominated in euros, yen and pound, so it is really only affected by the gyrations of the C$ against this basket of currencies.

The proceeds from the issuance of these bonds can be used by companies to break into foreign markets, or can be converted into the issuing company's local currency to be used on existing operations through the use of foreign exchange swap hedges.

by Ben Claremon Research Analyst As of the huge currency moves the world has witnessed over the last year or so, the topic of currency hedging has recently become very pertinent to both investors and companies who generate sales -LSB-...]

For that reason, there are several ETFs that hedge against currency moves by purchasing derivatives and currency swaps in an attempt to negate currency fluctuations.

The portfolio is weighted by cash dividends and is currency hedged.