| Description |
Indicates, if any, what kind of currency hedge is implemented within the portfolio. Please note, that there is a significant difference between "OFST020261 Currency Hedge Share Class", which relates to a specific share class's currency hedge on the NAV and this field, which relates to the underlying portfolio.
Possible Values are:
No: Currency exposure remains the same. Just calculation and accounting currency changes.
Yes, full portfolio hedge: Full or near full hedging of non-Fund Currency positions within fund. Only use "full portfolio hedge", if portfolio's currency hedge is permanently 90% or more.
Yes, partial hedge: Guidelines limit exposure to currencies other than the fund currency to 10%. Implementation can include tactical views of fund manager.
Yes, currency overlay: Currency allocation is a separate process in the investment decision. It considers both active views and optimization aspects.
Yes: The portfolio is hedged but the hedging methodology is variable or unknown.
Further information can be found in the white paper "Hedging – including and after v1.27" at https://openfunds.org/hedging-v2/ |