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OFST010211 – Currency Hedge Portfolio
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/
| Property | Value |
|---|---|
| OF-ID | OFST010211 |
| Name | Currency Hedge Portfolio |
| Area | Static data |
| Level | Fund |
| Format | Text |
| Tags | Additional |
| Introduced in | openfunds 1.27 |
Allowed values
no, yes, yes, full portfolio hedge, yes, partial hedge, yes, currency overlay
Example
yes, full portfolio hedge
FundsXML 4 mapping
FundsXML core structures:
Funds/Fund/FundStaticData/FundHedgingStrategy/HedgingStrategy— portfolio currency hedge ↔ HedgingStrategy
The field mapping table lists every field; openfunds to FundsXML explains the rules behind it.
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