Examples of Cdn$ Units in a sentence
However, since part of the ETF’s investment objective is to reflect the reference value in Canadian dollars (in respect of the Cdn$ Units) of the U.S. dollar, net of expenses, and approximately 100% of the ETF’s net assets are held in U.S. dollars, the ETF’s net asset value per Cdn$ unit would have moved by approximately $0.13 (2019 - $0.13) per Cdn$ Unit either up or down as a reflection of a 1% change up or down in the value of the U.S. dollar relative to the Canadian dollar.
However, since part of the ETF’s investment objective is to reflect the reference value in Canadian dollars (in respect of the Cdn$ Units) of the U.S. dollar, net of expenses, and approximately 100% of the ETF’s net assets are held in U.S. dollars, the ETF’s net asset value per Cdn$ unit would have moved by approximately $0.12 (2020 -$0.13) per Cdn$ Unit either up or down as a reflection of a 1% change up or down in the value of the U.S. dollar relative to the Canadian dollar.