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PSPF shuns FX hedging despite dollar losses

Christina Wang
The Taiwan pension fund is not planning to use currency derivatives to counter US dollar volatility, despite some of its board advisers suggesting it should do so.
PSPF shuns FX hedging despite dollar losses

The Taiwan dollar has gained 5.5% against the US dollar this year, negatively affecting Taiwanese investors’ returns on greenback-based assets. But the country's two state retirement funds remain wary of currency hedging, despite advisers to their boards suggesting they should make more use of it.

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