Hedging. Where a liability in one currency is to be matched by an asset in a different currency or where all or part of the investments are denominated in a currency other than sterling, a movement of exchange rates may have a separate effect, unfavorable as well as favorable, on the gain or loss otherwise experienced on the investment.
Appears in 13 contracts
Samples: Interim Investment Sub Advisory Contract (Munder Framlington Funds Trust), Interim Investment Sub Advisory Contract (Munder Funds Inc), Investment Sub Advisory Agreement (Munder Framlington Funds Trust)
