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.
There can be no guarantee that the hedging strategy applied in Hedged Share Classes will be successful or entirely eliminate the adverse effects of changes in exchange rates between the Reference Currency or Portfolio Currencies and the Hedged Currency.
Hedging transactions may be entered into whether the Hedged Currency is declining or increasing in value relative to the Portfolio Currency; consequently, where such hedging is undertaken, it may protect investors in the relevant Hedged Class against a decrease in the value of the currency being hedged but it may also preclude investors from benefiting from an increase in the value of such currency.
Where a Class is denominated in a currency other than the Base Currency, the Directors shall at the time of creation of such Class determine if such Class shall be constituted as a Hedged Currency Share Class or an Unhedged Currency Share Class.
Notwithstanding anything contained in this Instrument of Incorporation, the costs and gains/losses of any hedging transactions relating to a Hedged Currency Share Class and/or a Duration Hedged Share Class shall accrue solely to the Shareholders of Shares in such Class and shall not form part of the assets of the Fund or constitute a liability of the relevant Fund.
Where a Class and/or Series is denominated in a currency other than the Base Currency, the Directors shall at the time of creation of such Class and/or Series determine if such Class and/or Series shall be constituted as a Hedged Currency Share Class or an Unhedged Currency Share Class.