Tactical Debt Managementa0211-000063c


Currently, Moshav Financial does not take tactical views against its long-term benchmark

  • Important public policy constraints on a sovereign debt manager
  • Limits scope to take views on interest or exchange rates
    • Policy contagion and signaling
    • Dominance of sovereign in domestic markets

  • The appropriate risk methodology would probably be one that focussed on the risk associated with the volatility of the value added of tactical variations
    • Volatility in NPV of debt more appropriate
    • Relative to the "neutral" long-term debt management strategy

*Please note this list is not intended to be exhaustive, if you have questions about risk and your Investments, talk to your financial adviser. Investors should carefully consider the investment objectives, risks, charges and expenses. This and other important information is contained in the Prospectus, which can be obtained from your financial adviser and should be read carefully before investing.