Examlex
Which of the following fund types often trades at a discount or premium to its NAV?
Hedge
An investment made to reduce the risk of adverse price movements in an asset.
Balance Sheet Exposures
The risks shown on a balance sheet due to fluctuations in foreign exchange rates, interest rates, and other variables affecting asset and liability values.
Foreign Operations
Business activities conducted in a country different from the company's home country, often requiring management of currency exchange, legal, and cultural differences.
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