The statements also noted that Manulife had increased its reserves from $ 576 million at year - end 2007 to $ 5.783 billion because of
its unhedged exposure to the equity markets.
Not exact matches
We also notice that currency
exposure contributes
to only a modest portion of
unhedged equity risk, suggesting it shouldn't be a principal concern when investing globally.
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.
That said, our picks include both ETFs that provide both direct
unhedged exposure to foreign
equities, as well as some that hedge back into the Canadian dollar (but all still trading on the TSX).
As a result,
unhedged exposure to global
equities tended
to exhibit less volatility when expressed in Canadian dollars.