请问 为什么 selling the US forward no less than 75%
Hertz_品职助教 · 2021年05月25日
嗨,努力学习的PZer你好:
同学你好
(1)看一下题干:“His investment policy statement (IPS) allows for flexibility in managing currency risk. Overall returns can be enhanced by capturing opportunities between the US dollar and the Indian rupee (INR) within a range of plus or minus 25% from the neutral position using forward contracts on the currency pair.”
这句话说IPS允许偏离的范围是正负25%,即hedge的范围只能在在75%到125%之间。
(2)又因为题干信息:C&M’s currency team strongly believes the US dollar will appreciate relative to the Indian rupee. 即预计美元会升值,我们持有美元资产,升值对我们有利,可以不完全hedge,因此选择75%的hedge。
----------------------------------------------虽然现在很辛苦,但努力过的感觉真的很好,加油!