RBC Dexia Investor Services has launched a new passive FX hedging service designed to protect its clients investments against currency translation risk.
The solution offers transparent pricing and client-driven execution times that provide liquidity matching and fund valuation consistency, with complete flexibility to hedge at different levels of fund hierarchy, RBC Dexia Investor Services said in a statement.
The new service will allow clients to outsource the end-to-end responsibility for data capture, currency hedging calculations and transaction reporting to RBC Dexia, as well as the generation, execution and settlement of trades. The model will be fully integrated with RBC Dexias custody and fund accounting systems, as well as external data sources.
Our new hedging service is a major step forward in terms of offering our clients a highly flexible and customizable outsourced solution for their portfolio hedging needs, says Morgan McDonnell, head of foreign exchange markets and product. Using our service will allow them to create tailored hedging strategies that are perfectly aligned with their investment performance objectives.