Examples of Hedged Currency in a sentence
A Hedged Class allows us to use currency hedging transactions to reduce the effect of exchange rate fluctuations between the Portfolio Currency and the Hedged Currency.
There is no guarantee that the hedging strategy applied in a Hedged Class will entirely eliminate the adverse effects of changes in exchange rates between the Portfolio Currency and the Hedged Currency.
None of the Hedged Currency Share Classes shall be leveraged as a result of such a currency hedging transaction.
Any currency hedging transaction relating to a Hedged Currency Share Class, or any interest rate hedging transaction relating to a Duration Hedged Share Class, shall be valued in accordance with the provisions of Appendix II and shall be clearly attributable to the specific Hedged Currency Share Class or the specific Duration Hedged Share Class, as appropriate.
The aim is that the Hedged Class should reflect the actual return of the Portfolio Currency within the Sub-Fund, as applicable, plus or minus the interest rate differential between the Hedged Currency and the Portfolio Currency.