Pension Fund Indicators 2012 A long-term perspective on pension fund investment
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into forward currency contracts for hedging purposes
which can include the hedging of all or a portion of
the currency exposure of an investment or group of
investments, either directly or indirectly. The Fund
may also enter into these contracts for non-hedging
purposes which can include increasing the exposure
to a foreign currency or to shift exposure to foreign
currency fluctuations from one country to another.
The value of forward currency contracts entered into
by the Fund is recorded as the difference between the
value of the contract on the Valuation Date and the
value on the date the contract originated.
Changes in the value of open forward currency
contracts at each Valuation...
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Pension Fund Indicators 2012 A long-term perspective on pension fund investment
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Pension Fund Indicators 2012 A long-term perspective on pension fund investment
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