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NavraInvest US Fund June Quarterly Update

Discussion in 'Managed Funds & Index Funds' started by Alan, 11th Aug, 2006.

  1. Alan

    Alan Well-Known Member

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    I received the above update in the post today and in part it said:

    "We have implemented strategies to minimise the impact of foreign exchange rate movements on share transactions."

    No mention what these strategies were though.

    Does anyone know how this is to be achieved?
     
  2. Glebe

    Glebe Well-Known Member

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    I'm not in the fund, but I would imagine the fund allows currency hedging without the issue being voted on by unitholders (?).
     
  3. Alan

    Alan Well-Known Member

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    Yes........I guess that's possible Glebe. :confused:

    I know they were originally looking at the possibility of a hedged and unhedged Fund and went with the unhedged US Fund.

    I suppose shareholders will eventually hear if there has been a change in strategy........
     
  4. Alan

    Alan Well-Known Member

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    I gave NavraInvest a ring.......

    Apparently it's more like a few accounting type changes rather than big strategy changes such as hedging.

    :)