NASDAQ Hedged Index Methodology September 2021
NASDAQ Hedged Index MethodologySeptember 20211 Page
TABLE OF CONTENTSTABLE OF CONTENTS . 21.Introduction . 31.1 Background . 31.2 The Indexes . 31.3 Currency Data Definitions . 31.3.1 Closing SpotRates .31.3.2 Closing ForwardRates .41.3.3 Missing Spot or Forward Rates 42.Index Calculation . 42.1 HedgeRatio 42.1 HedgeImpact .42.2.1 Forward Interpolated Rate Calculation 52.3 Hedged Index Calculation. 63.Disclaimer . 64.Limitation of Liability . 65.List of calculated Indexes . 72 Page
1.Introduction1.1 BackgroundThis document specifies the methodology for the NASDAQ Hedged Indexes.1.2 The IndexesThe NASDAQ Hedged Indexes (the “Hedged Indexes”) are designed to represent returns forglobal investment strategies that involve hedging currency risk, but not the underlyingconstituent risk. The currency hedged strategy indexes aims to eliminate the effect of currencyfluctuations in the index. By factoring the impact of selling foreign currency forwards at the onemonth forward rate, the Hedged Indexes mitigate the currency exposures in the index comparedto the ‘home’ currency. The amount of forward return per currency applied to the index levelcorresponds to the percentage weight of the securities traded in each currency in the underlyingunhedged index as of the close of two trading days before the first trading day of the new monthbut taking account any following month end changes implemented as of close of the last btradingday of the month. The currency weights used to generate the daily forward return are then keptconstant over the full month.By selling foreign exchange forward contracts, global investors are able to lock in currentexchange forward rates, and manage their currency risk. Profits (losses) from the forwardcontracts are offset by losses (profits) in the value of the currency, thereby negating exposureto the currency.The Hedged Indexes are calculated as daily return indexes and hedged on a monthly basis.The Hedged Indexes can be constructed for any developed and emerging market index.However, for some currencies, especially emerging market currencies, the hedged impactcannot be calculated due to data unavailability. In such cases, the affected currency weight isset to zero.For specific information related to the underlying reference index, Nasdaq Indexes, please seethe “Nasdaq Index Methodology.”1.3 Currency Data Definitions1.3.1 Closing Spot RatesNasdaq uses the WM Company, Closing Spot Rates at 16:00:00 UK time in the calculation ofthe closing Index Values1. SIX Financial Information Intraday Spot Rates are applied to the realtime Index calculations during the trading day.The WM/Reuters Spot Rates and Forward Rates provided by The World Markets Company plc (“WM”) inconjunction with Reuters. WM shall not be liable for any errors in or delays in providing or making availablethe data contained within this service or for any actions taken in reliance on the same, except to the extentthat the same is directly caused by its or its employees’ negligence13 Page
1.3.2 Closing Forward RatesNasdaq uses the WM Company, Closing Forward Rates at 16:00:00 UK time in the calculationof the closing Index Values. WM 1-month Intraday Forward Rates are applied to the real timeIndex calculations during the trading day.1.3.3 Missing Spot or Forward RatesIn the case WM/Reuters does not provide a Spot or a Forward rate for specific markets on givendays the previous business day’s rates will be used.2.Index CalculationThere are two components to a Hedged Index return: The performance of the unhedged underlying index in the portfolio home currency The Hedge Impact (aimed to represent the profit or loss on the forward contracts) in theportfolio home currencyHome Currency: Home Currency Index Currency (currency of the country of the investor)Foreign Currency: Foreign currencies all currencies in the underlying index that is a non-homecurrencyExample: NDXEUR is calculated in EUR by converting the component securities from USD intoEUR using the EURUSD spot rate. NDXEURMH is the hedged version of NDXEUR.Step 1: Determine Home and Foreign Currency. NDXEUR is calculated in EUR for EURO investorso home currency is EUR. Foreign currency are the currencies of the underlying components ofNDXEUR which in this example is USD.Step 2: Combine Home Currency and Foreign Currency to create the spot rate for HedgeImpact calculation as the amount of foreign currency worth of one unit home currency: EURUSDStep 3: Calculate weights for each foreign currency in the unhedged underlying index byaggregating the Market Cap weight of each security quoted it that currency. In the example USDwill have 100% weight .Step 4: Calculate Hedge Impact based on EURUSD Spot and Forward Rates and foreigncurrency weightsStep 5: Calculate the Hedged Index value, NDXEURMH, by combining the unhedged underlyingindex , NQDXEURO , return with the Hedge Impact2.1 Hedge RatioThe hedge ratio is the proportion of the portfolio’s currency exposure that is hedged. Thestandard NASDAQ Hedged Indexes uses a hedge ratio of 1 (100%).4 Page
2.2 Hedge Impact CalculationThe Hedge Impact, HI, expressed in percent, is calculated as follows:𝑛𝐻𝐼𝑡 𝑀𝐴𝐹 𝑊𝑒𝑖𝑔ℎ𝑡𝑖,𝑚 1 𝑥 𝐻𝑅 𝑥 (𝑖 1𝑆𝑅𝑖,𝑚 1 𝑆𝑅𝑖,𝑚 1 ���𝑡 𝑇ℎ𝑒 𝐻𝑒𝑑𝑔𝑒 𝐼𝑚𝑝𝑎𝑐𝑡 (𝑝𝑟𝑜𝑓𝑖𝑡 𝑜𝑟 𝑙𝑜𝑠𝑠) 𝑓𝑜𝑟 𝑡ℎ𝑒 𝑐𝑢𝑟𝑟𝑒𝑛𝑐𝑦/𝑖𝑒𝑠 𝑖 𝑜𝑛 𝑡ℎ𝑒 𝑐𝑎𝑙𝑐𝑢𝑙𝑎𝑡𝑖𝑜𝑛 𝑑𝑎𝑦 𝑡𝑊𝑒𝑖𝑔ℎ𝑡𝑖,𝑚 1 𝑊𝑒𝑖𝑔ℎ𝑡 𝑜𝑓 𝑡ℎ𝑒 𝑐𝑢𝑟𝑟𝑒𝑛𝑐𝑦 𝑖 𝑖𝑛 𝑡ℎ𝑒 𝑢𝑛ℎ𝑒𝑑𝑔𝑒𝑑 𝑢𝑛𝑑𝑒𝑟𝑙𝑦𝑖𝑛𝑔 𝑖𝑛𝑑𝑒𝑥 𝑜𝑛𝑒 𝑑𝑎𝑦 𝑝𝑟𝑖𝑜𝑟𝑡𝑜 𝑡ℎ𝑒 𝑙𝑎𝑠𝑡 𝑏𝑢𝑠𝑖𝑛𝑒𝑠𝑠 𝑑𝑎𝑦 𝑖𝑛 𝑡ℎ𝑒 𝑝𝑟𝑒𝑣𝑖𝑜𝑢𝑠 𝑚𝑜𝑛𝑡ℎ2𝐻𝑅 𝑇ℎ𝑒 𝐻𝑒𝑑𝑔𝑒 𝑅𝑎𝑡𝑖𝑜 𝑎𝑠𝑠𝑖𝑔𝑛𝑒𝑑 𝑓𝑜𝑟 𝑐𝑢𝑟𝑟𝑒𝑛𝑐𝑦 𝑖 (100% 𝑖𝑛 𝑡ℎ𝑒 𝑁𝑎𝑠𝑑𝑎𝑞 𝑠𝑡𝑎𝑛𝑑𝑎𝑟𝑑 𝑖𝑛𝑑𝑒𝑥𝑒𝑠)𝑆𝑅𝑖,𝑚 1 𝑆𝑝𝑜𝑡 𝑟𝑎𝑡𝑒 𝑎𝑡 𝑡ℎ𝑒 𝑐𝑙𝑜𝑠𝑒 𝑓𝑜𝑟 𝑐𝑢𝑟𝑟𝑒𝑛𝑐𝑦 𝑖 𝑜𝑛𝑒 𝑑𝑎𝑦 𝑝𝑟𝑖𝑜𝑟 𝑡𝑜 𝑡ℎ𝑒 𝑙𝑎𝑠𝑡 𝑏𝑢𝑠𝑖𝑛𝑒𝑠𝑠 𝑑𝑎𝑦𝑖𝑛 𝑡ℎ𝑒 𝑝𝑟𝑒𝑣𝑖𝑜𝑢𝑠 𝑚𝑜𝑛𝑡ℎ𝐹𝑅𝑖,𝑚 1 𝑚𝑜𝑛𝑡ℎ 𝐹𝑜𝑟𝑤𝑎𝑟𝑑 𝑟𝑎𝑡𝑒 𝑎𝑡 𝑡ℎ𝑒 𝑐𝑙𝑜𝑠𝑒 𝑓𝑜𝑟 𝑐𝑢𝑟𝑟𝑒𝑛𝑐𝑦 𝑖 𝑜𝑛 𝑡ℎ𝑒 𝑙𝑎𝑠𝑡 𝑏𝑢𝑠𝑖𝑛𝑒𝑠𝑠 𝑑𝑎𝑦𝑖𝑛 𝑡ℎ𝑒 𝑝𝑟𝑒𝑣𝑖𝑜𝑢𝑠 𝑚𝑜𝑛𝑡ℎ𝐹𝐼𝑅𝑖,𝑡1 𝑚𝑜𝑛𝑡ℎ 𝐹𝑜𝑟𝑤𝑎𝑟𝑑 𝐼𝑛𝑡𝑒𝑟𝑝𝑜𝑙𝑎𝑡𝑒𝑑 𝑅𝑎𝑡𝑒 𝑜𝑓 𝑡ℎ𝑒 𝑐𝑢𝑟𝑟𝑒𝑛𝑐𝑦 𝑖 𝑜𝑛 𝑐𝑎𝑙𝑐𝑢𝑙𝑎𝑡𝑖𝑜𝑛 𝑑𝑎𝑦 𝑡(𝑠𝑒𝑒 𝑑𝑒𝑡𝑎𝑖𝑙𝑠 𝑖𝑛 2.1.2)𝑀𝐴𝐹 𝑀𝑜𝑛𝑡ℎ𝑙𝑦 𝐴𝑑𝑗𝑢𝑠𝑡𝑚𝑒𝑛𝑡 𝐹𝑎𝑐𝑡𝑜𝑟 𝑤ℎ𝑖𝑐ℎ 𝑖𝑠 𝑐𝑎𝑙𝑐𝑢𝑙𝑎𝑡𝑒𝑑 𝑎𝑠𝐻𝑒𝑑𝑔𝑒𝑑 𝐼𝑛𝑑𝑒𝑥,𝑚 1𝐻𝑒𝑑𝑔𝑒𝑑 𝐼𝑛𝑑𝑒𝑥,𝑚2.2.1 Forward Interpolated Rate CalculationThe 1-month Forward Interpolated Rate is calculated by using a linear interpolation between theSpot Rate and the Forward Rate𝐹𝐼𝑅𝑖,𝑡 𝑆𝑅𝑖,𝑡 [(𝐹𝑅𝑖,𝑡 𝑆𝑅𝑖,𝑡 ) 𝑥𝐷𝑎𝑦𝑠 ���𝑀𝑜𝑛𝑡ℎ]Where;𝐹𝐼𝑅𝑖,𝑡 𝑇ℎ𝑒 𝐹𝑜𝑟𝑤𝑎𝑟𝑑 𝐼𝑛𝑡𝑒𝑟𝑝𝑜𝑙𝑎𝑡𝑒𝑑 𝑅𝑎𝑡𝑒 𝑜𝑓 𝑡ℎ𝑒 𝑐𝑢𝑟𝑟𝑒𝑛𝑐𝑦 𝑖 𝑜𝑛 the𝑐𝑎𝑙𝑐𝑢𝑙𝑎𝑡𝑖𝑜𝑛 𝑑𝑎𝑦 𝑡𝑆𝑅𝑖,𝑡 𝑇ℎ𝑒 𝑆𝑝𝑜𝑡 𝑅𝑎𝑡𝑒 𝑜𝑓 𝑡ℎ𝑒 𝑐𝑢𝑟𝑟𝑒𝑛𝑐𝑦 𝑖 𝑜𝑛 𝑡ℎ𝑒 𝑐𝑎𝑙𝑐𝑢𝑙𝑎𝑡𝑖𝑜𝑛 𝑑𝑎𝑦 𝑡𝐹𝑅𝑖,𝑡 𝑇ℎ𝑒 𝐹𝑜𝑟𝑤𝑎𝑟𝑑 𝑅𝑎𝑡𝑒 𝑜𝑓 𝑡ℎ𝑒 𝑐𝑢𝑟𝑟𝑒𝑛𝑐𝑦 𝑖 𝑜𝑛 𝑡ℎ𝑒 𝑐𝑎𝑙𝑐𝑢𝑙𝑎𝑡𝑖𝑜𝑛 𝑑𝑎𝑦 𝑡𝐷𝑎𝑦𝑠𝐿𝑒𝑓𝑡𝑖,𝑡 𝑁𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑑𝑎𝑦𝑠 𝑓𝑟𝑜𝑚 𝑐𝑎𝑙𝑐𝑢𝑙𝑎𝑡𝑖𝑜𝑛 𝑑𝑎𝑡𝑒 𝑡 (𝑛𝑜𝑡 𝑐𝑜𝑢𝑛𝑡𝑖𝑛𝑔 𝑡) 𝑢𝑛𝑡𝑖𝑙 𝑡ℎ𝑒 𝑙𝑎𝑠𝑡 𝑏𝑢𝑠𝑖𝑛𝑒𝑠𝑠 𝑑𝑎𝑦𝑜𝑓 𝑡ℎ𝑒 �𝑜𝑛𝑡ℎ 𝑇𝑜𝑡𝑎𝑙 𝑛𝑢𝑚𝑏𝑒𝑟 𝑜𝑓 𝑑𝑎𝑦𝑠 𝑖𝑛 𝑚𝑜𝑛𝑡ℎ 𝑢𝑛𝑡𝑖𝑙 𝑡ℎ𝑒 𝑙𝑎𝑠𝑡 𝑏𝑢𝑠𝑖𝑛𝑒𝑠𝑠 𝑑𝑎𝑦 𝑜𝑓 𝑡ℎ𝑒 𝑚𝑜𝑛𝑡ℎ2taking into account any changes in the composition of the index implemented as of the close of the lastbusiness day of the month5 Page
2.3 Hedged Index CalculationThe Hedged Index, HIX, is the combination of the Unhedged Underlying Index return andthe Hedge Impact and is calculated as follows:𝐻𝐼𝑋𝑡 𝐻𝐼𝑋𝑚 𝑥 (𝑈𝑁𝐻𝐼𝑋𝑡 𝐻𝐼𝑡 )𝑈𝑁𝐻𝐼𝑋𝑚Where;𝐻𝐼𝑋𝑡 𝑇ℎ𝑒 𝐻𝑒𝑑𝑔𝑒𝑑 𝐼𝑛𝑑𝑒𝑥 𝑣𝑎𝑙𝑢𝑒 𝑜𝑛 𝑡ℎ𝑒 𝑐𝑎𝑙𝑐𝑢𝑙𝑎𝑡𝑖𝑜𝑛 𝑑𝑎𝑦 𝑡𝐻𝐼𝑋𝑚 𝑇ℎ𝑒 𝐻𝑒𝑑𝑔𝑒𝑑 𝐼𝑛𝑑𝑒𝑥 𝑣𝑎𝑙𝑢𝑒 𝑜𝑛 𝑡ℎ𝑒 𝑙𝑎𝑠𝑡 𝑐𝑎𝑙𝑐𝑢𝑙𝑎𝑡𝑖𝑜𝑛 𝑑𝑎𝑦 𝑖𝑛 𝑡ℎ𝑒 𝑝𝑟𝑒𝑣𝑖𝑜𝑢𝑠 𝑚𝑜𝑛𝑡ℎ𝑈𝑁𝐻𝐼𝑋𝑡 𝑇ℎ𝑒 𝑈𝑛𝑑𝑒𝑟𝑙𝑦𝑖𝑛𝑔 𝑈𝑛ℎ𝑒𝑑𝑔𝑒𝑑 𝐼𝑛𝑑𝑒𝑥 𝑣𝑎𝑙𝑢𝑒 𝑜𝑛 𝑡ℎ𝑒 𝑐𝑎𝑙𝑐𝑢𝑙𝑎𝑡𝑖𝑜𝑛 𝑑𝑎𝑦 𝑡𝑈𝑁𝐻𝐼𝑋𝑚 𝑇ℎ𝑒 𝑈𝑛𝑑𝑒𝑟𝑙𝑦𝑖𝑛𝑔 𝑈𝑛ℎ𝑒𝑑𝑔𝑒𝑑 𝐼𝑛𝑑𝑒𝑥 𝑣𝑎𝑙𝑢𝑒 𝑜𝑛 𝑡ℎ𝑒 𝑙𝑎𝑠𝑡 ��𝑦 𝑖𝑛 𝑡ℎ𝑒 𝑝𝑟𝑒𝑣𝑖𝑜𝑢𝑠 𝑚𝑜𝑛𝑡ℎ3.DisclaimerNasdaq may, from time to time, exercise reasonable discretion as it deems appropriate in order toensure Index integrity including but not limited to quantitative inclusion criteria. Nasdaq may also,due to special circumstances, if deemed essential, apply discretionary adjustments to ensure andmaintain the high quality of the index construction and calculation. Nasdaq and its affiliates do notguarantee the accuracy or completeness of any Index or of the data used to calculate the Index ordetermine the Index components, or the uninterrupted or undelayed calculation or dissemination ofany Index. Nasdaq and its affiliates do not guarantee that any Index accurately reflects past,present, or future market performance.4. Limitation of LiabilityNasdaq and its affiliates assume no liability of any nature (including, but not limited to negligence)for any loss, damages, costs, claims and expenses related to or arising out of the use of theIndexes or any data included therein. Nasdaq and its affiliates hereby expressly disclaims allwarranties, expressed or implied, as to the availability, accuracy, uninterrupted calculation,completeness, merchantability or fitness for a particular purpose with respect to the Indexes orany data included therein. Neither Nasdaq, its affiliates nor any third party makes any expressor implied warranties or representations with respect to the Indexes, the results to be obtainedby their use or the value of the Indexes at any given time. Without limiting any of the foregoing,in no event shall Nasdaq or any of its affiliates have any liability for any direct damages, lostprofits or special, incidental, punitive, indirect or consequential damages, even if notified of thepossibility of such damages.6 Page
Appendix 1. List of calculated IndexesTickerIndex NameCurrencyNDXEURMHNASDAQ -100 Hedged EUR IndexEURXNDXEURMHNASDAQ -100 Hedged EUR TR IndexEURNDXCHFMHNASDAQ -100 Hedged CHF IndexCHFXNDXCHFMHNASDAQ -100 Hedged CHF TR IndexCHFNDXGBPMHNASDAQ -100 Hedged GBP IndexGBPXNDXGBPMHNASDAQ -100 Hedged GBP TR IndexGBPDATLOCCADMHNASDAQ International Dividend Achievers Local CADCADDATLOCCADTRMHDATLOCCADNTRMHNASDAQ International Dividend Achievers Local CAD TRCADNASDAQ International Dividend Achievers Local CAD NTRCADDAACADMHNASDAQ US Broad Dividend Achievers Currency Hedged CADCADDAACADTRMHNASDAQ US Broad Dividend Achievers Currency Hedged CAD TRCADDAACADNTRMHNASDAQ US Broad Dividend Achievers Currency Hedged CAD NTRCADCOMPCADMHNASDAQ Composite Monthly Currency Hedged CADCADXCMPCADMHNASDAQ Composite Monthly Currency Hedged CAD TRCADXCMPCADNNRMHNDXAUDMHNASDAQ Composite Monthly Currency Hedged CAD NTRCADNASDAQ -100 Currency Hedged AUD IndexAUDXNDXAUDMHNASDAQ -100 Currency Hedged AUD TR IndexAUDXNDXNNRAUDMHNASDAQ -100 Currency Hedged AUD NTR IndexAUDNQFGSLAUDMHNASDAQ Future Global Sustainability Leaders Currency Hedged AUDAUDNQFGSLTAUDMHAUDNQFGSLNAUDMHNASDAQ Future Global Sustainability Leaders Currency Hedged AUD TRNASDAQ Future Global Sustainability Leaders Currency Hedged AUDNTRNDXJPYMHNASDAQ -100 Currency Hedged JPY IndexJPYXNXJPYMHNASDAQ -100 Currency Hedged JPY TR IndexJPYXNDXNNRJPYMHNASDAQ -100 Currency Hedged JPY NTR IndexJPYNGXCADMHNasdaq Next Generation 100 Currency Hedged CAD IndexCADNGXTCADMHNasdaq Next Generation 100 Currency Hedged CAD TR IndexCADNGXNCADMHNasdaq Next Generation 100 Currency Hedged CAD NTR IndexCADNDXECADMHNASDAQ -100 Equal Weighted Currency Hedged CAD IndexCADNETRCADMHNASDAQ -100 Equal Weighted Currency Hedged CAD TR IndexCADNETRNNRCADMHNASDAQ -100 Equal Weighted Currency Hedged CAD NTR IndexCADNDXEAUDMHNASDAQ -100 Equal Weighted Currency Hedged AUD IndexAUDNETRAUDMHNASDAQ -100 Equal Weighted Currency Hedged AUD TR IndexAUDNETRNNRAUDMHNASDAQ -100 Equal Weighted Currency Hedged AUD NTR IndexAUDNDXEEURMHNASDAQ -100 Equal Weighted Currency Hedged EUR IndexEURNETREURMHNASDAQ -100 Equal Weighted Currency Hedged EUR TR IndexEURNETRNNREURMHNASDAQ -100 Equal Weighted Currency Hedged EUR NTR IndexEURNDXEGBPMHNASDAQ -100 Equal Weighted Currency Hedged GBP IndexGBPNETRGBPMHNASDAQ -100 Equal Weighted Currency Hedged GBP TR IndexGBPNETRNNRGBPMHNASDAQ -100 Equal Weighted Currency Hedged GBP NTR IndexGBPNDXEJPYMHNASDAQ -100 Equal Weighted Currency Hedged JPY IndexJPYNETRJPYMHNASDAQ -100 Equal Weighted Currency Hedged JPY TR IndexJPY7 PageAUD
NETRNNRJPYMHNASDAQ -100 Equal Weighted Currency Hedged JPY NTR IndexJPYNDXEHKDMHNASDAQ -100 Equal Weighted Currency Hedged HKD IndexHKDNETRHKDMHNASDAQ -100 Equal Weighted Currency Hedged HKD TR IndexHKDNETRNNRHKDMHNASDAQ -100 Equal Weighted Currency Hedged HKD NTR IndexHKDNDXECHFMHNASDAQ -100 Equal Weighted Currency Hedged CHF IndexCHFNETRCHFMHNASDAQ -100 Equal Weighted Currency Hedged CHF TR IndexCHFNETRNNRCHFMHNASDAQ -100 Equal Weighted Currency Hedged CHF NTR IndexNDXG02MHNasdaq-100 ESG Currency Hedged CAD IndexCHFCADNDXG12MHNasdaq-100 ESG Total Return Currency Hedged CAD IndexCADNDXG22MHNasdaq-100 ESG Notional Net Total Return Currency Hedged CAD IndexCADNGXG02MHNasdaq Next Generation 100 ESG Currency Hedged CAD IndexCADNGXG12MHNasdaq Next Generation 100 ESG Total Return Currency Hedged CAD IndexNasdaq Next Generation 100 ESG Notional Net Total Return Currency HedgedCAD IndexCADNGXG22MH8 PageCAD
NETRCHFMH NASDAQ -100 Equal Weighted Currency Hedged CHF TR Index CHF NETRNNRCHFMH NASDAQ -100 Equal Weighted Currency Hedged CHF NTR Index CHF NDXG02MH Nasdaq-100 ESG Currency Hedged CAD Index CAD NDXG12MH Nasdaq-100 ESG Total Return Currency Hedged CAD Index CAD NDXG22MH Nasdaq-100 ESG Notional Net Total Return Currency Hedged CAD Index CAD .
Vanguard Wholesale International Equities Funds (Hedged) and ETFs FundASX ABN ARSN Vanguard Global Infrastructure Index Fund (Hedged) - 128 385 197 92 392 829 821 Vanguard MSCI Index International Shares (Hedged) ETF VGAD 165 786 989 92 314 430 239 Vanguard International Property Securities Index - 115 001 360 52 511 318 838
To be eligible for continued inclusion in the NASDAQ-100 Index ("The Index"), an Index Security4 must meet the following criteria: the issuer of the security's primary U.S. listing must be exclusively listed on the NASDAQ Global Select Market or the NASDAQ Global Market the security must be issued by a non-financial company5;
Hedging non-financial hedged items Under IAS 39 Under IFRS 9 IFRS News: Special Edition December 2013 4 Increased eligibility of hedged items The new Standard includes some significant changes from IAS 39 which increase the eligibility of items that can be hedged. The areas of change include: risk components groups of hedged items and .
Class I Sterling Hedged GBP 20th June, 2013 GBP 100 Class ID CHF Hedged CHF 18th August, 2015 CHF 100 Class ID Euro Hedged EUR 18th August, 2015 EUR 100 Class ID Sterling Hedged GBP 15th May, 2015 GBP 100 Class ID US USD 20th July, 2015 USD 100 Class TD AUD AUD 2nd October, 2014 AUD 100 Class TD US USD 2nd October, 2014 USD 100 Nomura Funds .
Calculating a Currency-Hedged Index 27 Currency Hedging Outcomes 28 Index Computation 28 Dynamic Hedged Return Indices 31 Currency Hedged Excess Return Indices 33 Quanto Currency Adjusted Index 34 Domestic Currency Return Index Calculation 36 Background 36 Equivalence of DCR and Divisor Calculations 36 DCR Calculation 37 Essential Adjustments 37
2.1.2 To be eligible for inclusion in the Nasdaq Victory U.S. Small Cap 500 Volatility Weighted Index (NQVWSC), an Index Security must meet the following criteria: be a member of the NASDAQ Global Index (NQGI); have Nasdaq classified country as United States; have a market capitalization of less than 3 billion; be classified as common stock and not a REIT;
AMAZON.COM INC TESLA; INC. FACEBOOK INC ALPHABET CL C CAP 9.57% SECURITY APPLE INC. MICROSOFT CORP 2.86% 3.14% PAYPAL HOLDINGS ADOBE INC. The NASDAQ-100 Currency Hedged Index is designed to represent returns for the
AAT Advanced Diploma in Accounting Synoptic Assessment – SAMS – Assessment book 2 Notes for students and training providers This is a sample assessment and mark scheme which is reflective of the question types, depth of content coverage, the level of demand, duration and mark allocation of tasks that will be in the live assessment It is not designed to be used on its own to determine .
