Sentences with phrase «currency positions relative»

For the unhedged fund, currency exposure is typically unhedged however currency derivatives may be used with equity index futures in managing cash flows or to manage active currency positions relative to the benchmark for risk management purposes.

Not exact matches

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.

Finally, the CFTC's Commitments of Traders (COT) report shows that large speculative traders are holding a record net long position in the euro, a polar opposite in sentiment toward currency relative to last year.

Currency Hedges Because of the U.S. dollar's continued weakness relative to other global currencies, we added to existing hedge positions and initiated a hedge for part of the Fund's euro exposure.

However, the Australian dollar remains one of the few currencies in which market participants continue to have long speculative positions relative to the US dollar (Graph 24); in the case of the Japanese yen, Canadian dollar and Swiss franc, speculative positions against the US dollar are short.

Does it reflect a changed position relative to financial and currency markets, as compared with earlier periods in the century?

These funds typically take a short position on the U.S. dollar like the PowerShares DB US Dollar Index Bearish Fund (UDN), profiting from a fall in the value of the dollar relative to other currencies.

So each time you enter a position on a currency it is always relative to another currency.

Our investment process leverages the in - depth knowledge of our experienced fixed income teams globally and our approach with dynamic sector rotation, active currency management, security selection and relative value positioning, while aiming to manage risks such as duration.»

Foreign securities that trade in, and receive revenues in, foreign currencies are subject to the risk that those currencies will decline in value relative to the U.S. dollar or, in the case of hedging positions, that the U.S. dollar will decline in value relative to the currency being hedged.

These investments are subject to the risk that a governmental entity may delay or refuse to pay interest or repay principal on its sovereign debt, due, for example, to cash flow problems, insufficient foreign currency reserves, political considerations, the relative size of the governmental entity's debt position in relation to the economy or the failure to put in place economic reforms required by the International Monetary Fund or other multilateral agencies.

«We take an unconstrained investment approach with dynamic sector rotation, active currency management, security selection and relative value positioning, while aiming to manage risks such as duration.»