You are using an unsupported browser. To get the most of our website and improve your experience, please update your browser to the latest version available.I understand my browser may not be compatible, however I wish to continue.
Il semblerait que vous utilisiez un navigateur non supporté
Il semble que vous utilisiez un navigateur non supporté. Pour profiter au mieux de notre site et d’une experience ameliorée, veuillez mettre a jour votre navigateur avec l’une des dernieres versions disponibles. Je comprends que mon navigateur peut ne pas etre compatible, mais je souhaite continuer.
Active currency hedging strategy
A hedging solution designed to mitigate risk and volatility from foreign currency exposures
Fully customisable to client requirements
A long-established and experienced portfolio management team
Our investment philosophy rests on four key beliefs:
Hedging should never add to foreign currency risk
Every position should reduce risk
Trend-following strategies are not well suited for currency hedging
A strong focus on drawdowns limits negative cash flow
Our Active Currency Hedging strategy follows a three-step process:
We take a top-down approach to currency movements, seeking to anticipate the policy changes and capital flows that drive them.
We combine these long-term views with rigorous bottom-up perspectives to determine a score for individual currencies. The score indicates the currency’s direction and our conviction.
Final positions and hedging sizes are implemented, based on the clients’ FX exposures and risk guidelines.
Team and resources
Our Currency Management team is based in New York. Momtchil Pojarliev, who has more than 17 years of investment experience, leads the team.
The team benefits from access to our global trading and risk management platform, Sustainability Centre, Quantitative Research Group and Macro Research team.
Investments are subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay, the strategies described being in risk of capital loss. There is no guarantee that the performance objective will be achieved.
In the U.S., this material is for Institutional use only – not for public distribution. This material is provided for educational purposes only and is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be and should not be interpreted as recommendations. Reliance upon information in this material is at the sole risk and discretion of the reader. The material was prepared without regard to specific objectives, financial situation or needs of any investor.
These documents and video clips may also include information obtained from affiliated investment management companies within BNP Paribas Asset Management, the brand name of the BNP Paribas group’s asset management services. The documents and video clips are produced for informational purposes only and do not constitute: 1. an offer to buy nor a solicitation to sell, nor shall they form the basis of or be relied upon in connection with any contract or commitment whatsoever or 2. investment advice. Any opinions included in these documents and video clips constitute the judgment of the author/ presenter at the time specified and may be subject to change without notice.
This material may contain “forward-looking” information that is not purely historical in nature. Such information may include, among other things, projections, forecasts, and estimates of yields or returns. No representation is made that any performance presented will be achieved by any funds, or that every assumption made in achieving, calculating or presenting either the forward-looking information or any historical performance information herein has been considered or stated in preparing this material. Any changes to assumptions that may have been made in preparing this material could have a material impact on the investment returns that are presented herein. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.
The information and opinions contained in this material are derived from proprietary and nonproprietary sources deemed by BNP PARIBAS ASSET MANAGEMENT USA, Inc. to be reliable, are not necessarily all-inclusive and are not guaranteed as to accuracy.
The information provided here is neither tax nor legal advice. Investors should speak to their tax professional for specific information regarding their tax situation. Investment involves risk including possible loss of principal. International investing involves risks, including risks related to foreign currency, limited liquidity, less government regulation, and the possibility of substantial volatility due to adverse political, economic or other developments. These risks are often heightened for investments in emerging/developing markets or smaller capital markets.
FOR INSTITUTIONAL AND FINANCIAL PROFESSIONAL INVESTOR USE ONLY. THIS MATERIAL IS NOT TO BE REPRODUCED OR DISTRIBUTED TO PERSONS OTHER THAN THE RECIPIENT.