Identify which of Beth’s statements is most likely correct. Justify your response with one reason.
Statement 3: Hedge the currency exposure to China by using the CNY/USD protective put exchange rate option strategy to protect against USD depreciation.
题目中,HF 是US based,投资在新兴市场。那么,投资过程中,应该是持有人民币资产,并担心人民币贬值。为什么答案是担心美元贬值(或人民币升值)?按理说,若人民币升值的话,以美元作为base货币的资产的价值应该是上涨的啊?