Rising Exchange Rates Hit REITs—JR Global REIT Launches Rights Offering to Cover FX Hedge Settlement
JR Global REIT announced a 120 billion won ($90 million) rights offering to cover FX hedge settlement costs after rising exchange rates, with shares dropping 15.81% on the news.
Citigroup expects South Korea’s National Pension Service to lower its strategic FX hedge trigger to the 1,470 won level, as the fund adopts a more flexible approach amid recent currency volatility.
#YonhapInfomax #NationalPensionService #Citi #FXHedge #USDKRW #ExchangeRateTrigger #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=95783
Citi Expects National Pension Fund to Lower Strategic FX Hedge Trigger to 1,470 Won Level
Citigroup expects South Korea’s National Pension Service to lower its strategic FX hedge trigger to the 1,470 won level, as the fund adopts a more flexible approach amid recent currency volatility.
National Pension Fund’s Tactical FX Hedge Plunges by $3 Billion in May
South Korea’s National Pension Service slashed its tactical FX hedge by $3 billion in May as the won strengthened, signaling a shift in currency risk strategy.
The National Pension Service’s rule-based FX hedge, launched at the dollar-won peak and closed early as rates fell, secured gains and stabilized markets, marking a win-win for both NPS and the Bank of Korea.
#YonhapInfomax #NationalPensionService #FXHedge #BankOfKorea #ExchangeRate #IMFData #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=67023
[FX Whale NPS] 'Perfect Timing'—A Win-Win with the Bank of Korea
The National Pension Service’s rule-based FX hedge, launched at the dollar-won peak and closed early as rates fell, secured gains and stabilized markets, marking a win-win for both NPS and the Bank of Korea.
Yonhap Infomax News