Sentences with phrase «currency hedging in»

the popularity of currency hedging in the past 10 years simply reflects performance chasing of the currency — there is nothing «passive» about this — it is active management, but at its worst

Although it has worked well recently, I believe you should avoid currency hedging in foreign equity funds.

This is why paying for currency hedging in international funds is a dubious strategy: to some extent the currencies hedge themselves and actually provide some diversification benefit.

The original Global Couch Potato portfolio used currency hedging in its US and international equity funds.

There is a lot more to say on the topic of foreign equity ETFs, including suggestions on how you can dramatically lower that 1.5 % currency exchange fee, and a look at whether the currency hedging in Canadian ETFs is really a good deal.

Some funds have less obvious expenses, such as sampling error and currency hedging in international funds.

On a more structural basis, Canadian investors may have a higher bar for considering a foreign currency hedge in their global equity book, since the volatility dampening properties of the loonie typically have been beneficial — a stark contrast to the U.S. dollar which has tended to amplify risk.

After seeing the loonie broadly weaken in 2017, many Canadian investors are asking whether the time is right to incorporate a currency hedge in their global equity portfolio.

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.

Under central bank rules introduced in 2014, companies are required to hedge a minimum 25 percent of their liabilities in foreign currency 3 - 6 months before they come due.

Nanang Hendarsah, who heads the department at Bank Indonesia responsible for deepening financial markets, said that hedging schemes will help foster stability in the currency market.

While dozens of hedge funds have sprung up this year to invest in the white - hot digital currency market, this one, known as Arrington XRP Capital, is the first to be denominated in a crypto - currency rather than dollars or euros.

«Over 100 hedge funds have been created in the past year exclusively to trade digital currency.

«I've heard stories of companies hedging their bets with some of the eurozone economies,» Langrish says, explaining that some have set up accounts to pay their employees in euros should their home country exit the eurozone and reintroduce its old currency.

In effect, they'd begun doing their own currency hedging.

The four conglomerates originated in different sectors, but their underlying business model is the same: cultivate powerful allies in the Communist Party; use those relationships to win regulatory and property concessions; gather investment from friends, family and other proxies of party elites into a murky, unregulated private holding company; borrow heavily from state - owed banks and other sources to finance prodigious growth plans; invest as aggressively as possible in stock and property overseas as a hedge against slower growth in China and the risk of a weaker Chinese currency.

For simplicity's sake, and so the company doesn't have to deal with currency hedging, they decided to sell the scanner through the website at a single retail price of US$ 579, even though, as Cox observes, they're over-pricing in some markets and underpricing in others.

These include currency - hedged ETFs, triple - levered ETFs based on commodities, unconstrained bond funds with short positions betting against U.S. Treasurys, private equity funds, emerging market debt instruments, historically less - liquid bank loan funds, and all manner of actively managed strategies packaged in supposedly easy to buy and sell wrappers.

But while EuroFX was promising stellar returns, hedge funds in foreign currencies were booking annual losses of 1 - 2 % on average, according to data tracker Hedge Fund Resehedge funds in foreign currencies were booking annual losses of 1 - 2 % on average, according to data tracker Hedge Fund ReseHedge Fund Research.

For a fee that is usually about 1 %, «hedging builds in stability while allowing you to eliminate the prospect of currency - generated losses — or taxable profits.»

Counted in greenbacks, in other words, it was a wash, unless you held something like the db X-trackers MSCI Japan Hedged ETF (NYSE: DBJP), which muffled the effects of the currency drop.

Currency risk in a carry trade is seldom hedged, because hedging would either impose an additional cost, or negate the positive interest rate differential if currency forwards aCurrency risk in a carry trade is seldom hedged, because hedging would either impose an additional cost, or negate the positive interest rate differential if currency forwards acurrency forwards are used.

Our clients» international stock exposure is held in local currencies rather than hedged to the U.S. dollar.

The uptrend in US interest rates, wide swings in global currency markets and greater price dispersion across individual securities and asset classes could serve as powerful tailwinds for hedge - fund strategy managers looking to capture alpha.

It's important to weigh the pros and cons of investing in an EM equity fund that hedges currency risk, versus investing in one that offers currency exposure.

A number of factors — such as rising US interest rates, the recurrence of big fluctuations in global currencies, and the widening dispersion of equity returns across sectors and regions — may have helped to create an increasingly conducive environment for hedge - fund strategies, which have seen a positive turnaround in performance in recent quarters.

This discussion also does not consider any specific facts or circumstances that may be relevant to holders subject to special rules under the U.S. federal income tax laws, including, without limitation, certain former citizens or long - term residents of the United States, partnerships or other pass - through entities, real estate investment trusts, regulated investment companies, «controlled foreign corporations,» «passive foreign investment companies,» corporations that accumulate earnings to avoid U.S. federal income tax, banks, financial institutions, investment funds, insurance companies, brokers, dealers or traders in securities, commodities or currencies, tax - exempt organizations, tax - qualified retirement plans, persons subject to the alternative minimum tax, persons that own, or have owned, actually or constructively, more than 5 % of our common stock and persons holding our common stock as part of a hedging or conversion transaction or straddle, or a constructive sale, or other risk reduction strategy.

In contrast, the banking sector had a net foreign currency liability position before taking into account the use of derivatives for hedging purposes and a net foreign currency asset position of close to zero after accounting for the use of hedging derivatives.

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.

Ben was most recently an Executive Director at JPMorgan Chase, where he ran the Institutional FX Sales business for West Coast USA and Western Canada based in San Francisco (2012 - 2013), after running the company's European currency hedge fund sales in London (2009 - 2012).

And as they do, U.S. investors should preferably gain that exposure via instruments that seek to hedge the foreign currency impact, as dollar strength means equity gains in local currency terms will be muted when translated back into U.S. dollars.

In assessing the ease with which an exposure can be hedged, ideally one would look at hedging activity in a particular location and activity for a particular currency in all locationIn assessing the ease with which an exposure can be hedged, ideally one would look at hedging activity in a particular location and activity for a particular currency in all locationin a particular location and activity for a particular currency in all locationin all locations.

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.

Rush A, Sadeghian D and M Wright (2013), «Foreign Currency Exposure and Hedging in Australia», RBA Bulletin, December, pp 49 — 58.

In the past, Forex — which is the world's biggest market for currency trading — was the preserve of hedge funds, global corporations and finance firms, but now individuals are trading on it over the internet.

Prior to joining the GEBS team, Mr. Schneider worked as a portfolio manager in SSGA's Currency Management Group, managing both active currency selection and traditional passive hedging overlay porCurrency Management Group, managing both active currency selection and traditional passive hedging overlay porcurrency selection and traditional passive hedging overlay portfolios.

We discuss why, where and how to hedge currency risk — and outline our approach in taking active foreign exchange (FX) risk.

It compares the returns of the unhedged iShares MSCI Japan ETF (EWJ B - 99), the currency - hedged version of the same fund, the iShares Currency Hedged MSCI Japan (HEWJ D - 38) and the actual currency cross in an ETF wrapper, the CurrencyShares Japanese Yen Trust (FXY currency - hedged version of the same fund, the iShares Currency Hedged MSCI Japan (HEWJ D - 38) and the actual currency cross in an ETF wrapper, the CurrencyShares Japanese Yen Trust (FXY B hedged version of the same fund, the iShares Currency Hedged MSCI Japan (HEWJ D - 38) and the actual currency cross in an ETF wrapper, the CurrencyShares Japanese Yen Trust (FXY Currency Hedged MSCI Japan (HEWJ D - 38) and the actual currency cross in an ETF wrapper, the CurrencyShares Japanese Yen Trust (FXY B Hedged MSCI Japan (HEWJ D - 38) and the actual currency cross in an ETF wrapper, the CurrencyShares Japanese Yen Trust (FXY currency cross in an ETF wrapper, the CurrencyShares Japanese Yen Trust (FXY B - 99).

We do, however, anticipate entering into foreign currency exchange contracts for purposes of hedging foreign exchange rate fluctuations on our business operations in future operating periods as our exposures are deemed to be material.

In December 2014, we entered into foreign currency exchange contracts for hedging.

As we enter another year of volatility and a strong dollar, we explore a new way to hedge for currency risk in your international investments.

A currency - hedged take on German equities, the iShares Currency Hedged MSCI Germany ETF (HEWG D - 42), helps tell that tale, with gains of 15.4 percent in less than twocurrency - hedged take on German equities, the iShares Currency Hedged MSCI Germany ETF (HEWG D - 42), helps tell that tale, with gains of 15.4 percent in less than two mhedged take on German equities, the iShares Currency Hedged MSCI Germany ETF (HEWG D - 42), helps tell that tale, with gains of 15.4 percent in less than twoCurrency Hedged MSCI Germany ETF (HEWG D - 42), helps tell that tale, with gains of 15.4 percent in less than two mHedged MSCI Germany ETF (HEWG D - 42), helps tell that tale, with gains of 15.4 percent in less than two months.

In December 2014, the Company entered into foreign exchange contracts to hedge monetary assets and liabilities that are denominated in currencies other than the functional currency of its subsidiarieIn December 2014, the Company entered into foreign exchange contracts to hedge monetary assets and liabilities that are denominated in currencies other than the functional currency of its subsidiariein currencies other than the functional currency of its subsidiaries.

Adjusted EBITDA is defined as net income / (loss) from continuing operations before interest expense, other expense / (income), net, provision for / (benefit from) income taxes; in addition to these adjustments, the Company excludes, when they occur, the impacts of depreciation and amortization (excluding integration and restructuring expenses)(including amortization of postretirement benefit plans prior service credits), integration and restructuring expenses, merger costs, unrealized losses / (gains) on commodity hedges, impairment losses, losses / (gains) on the sale of a business, nonmonetary currency devaluation (e.g., remeasurement gains and losses), and equity award compensation expense (excluding integration and restructuring expenses).

Currently, we're invested in currency - hedged ETFs as a way to hedge some of our emerging market exposure, and we've used them in the past as a way to hedge our European equity exposure from a falling euro.

They form hedge portfolios from extreme fourths (quartiles) of ranked currencies, rebalanced annually at year end, and calculate returns in excess of short - term interest rates.

BlockTower Capital, a digital currency hedge fund launched in August, raised $ 140 million and hired a former vice president at Goldman Sachs Group Inc., expanding its team to eight people, according to people familiar with the matter.

This is a simple way to execute a very common investment strategy,» Schwartz added, drawing parallels with currency hedging, which was common among institutional investors, but more difficult for individuals to execute before the strategy became available in an ETF wrapper.

They consider a range of arguments for owning gold, such as: (1) gold hedges inflation; (2) gold hedges currency decline; (3) gold is attractive when other assets are not; (4) gold is a safe haven in times of crisis; (5) gold is a de facto world currency; and, (6) central banks and investors in aggregate are still underweighting gold.

But we sometimes hedge our asset class views through the adoption of a currency - hedged ETF — the cost of that is essentially the insurance premium you pay in case our broad asset class views turn out to be incorrect due to monetary - and macro-regime policies.