sailor
Full time employment: Posting here.
Few of us use GIM for international bonds exposure.
I'm reading the GIM semiannual report and noticed a lot of minuses in the currency exposure breakdown tables.
Than I see this:
"The Fund’s Board of Trustees has authorized the Fund to increase use of currency forward contracts for hedging and investment purposes when the
investment manager believes it is advisable to do so."
Historically I've been pleased with this fund performance, I hope that excessive use of derivatives won't derail it.
I'm reading the GIM semiannual report and noticed a lot of minuses in the currency exposure breakdown tables.
Than I see this:
"The Fund’s Board of Trustees has authorized the Fund to increase use of currency forward contracts for hedging and investment purposes when the
investment manager believes it is advisable to do so."
Historically I've been pleased with this fund performance, I hope that excessive use of derivatives won't derail it.