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Foreign exchange reserves assets can comprise banknotes, bank deposits, and government securities of the reserve currency, such as bonds and treasury bills.
The fund invests in debt instruments (ie notes, bonds, certificates etc) denominated in currencies of economically developed and politically stable countries.
securities not included in official reserve assets. 不包括在官方準備
A hard currency is expected to remain relatively stable through a short period of time, and to be highly liquid in the forex or foreign exchange (FX) market.
Typically, hard currencies include the dollar, sterling and the Swiss franc. Hedge fund. In financial markets individuals and businesses will seek to maximize.
Hard currency corporate EMD assets have average investment grade rating about 6–7 notches below US aggregate bonds, while the duration of the index is shorter.6 頁