HOOPP Short-Term Money Market and Foreign Exchange
HOOPP’s returns from foreign and domestic investments are earned either through direct buying of securities or through derivative strategies that match securities returns. When derivatives are used, the money that would have been used to buy securities is instead invested in short-term government and investment grade corporate bonds.
A foreign currency hedge is a transaction made to reduce the risk of price movements in a security due to changes in currency value. HOOPP’s Investment Policies specify that foreign currency risk be fully hedged. This ensures that HOOPP’s foreign investments are protected against changes in currency prices.
This document provides a simplified overview of HOOPP's benefits based on the terms of the HOOPP Plan Text at the time of publication. From time to time, HOOPP may amend the HOOPP Plan Text. In cases where the information provided in this document differs from that contained in the HOOPP Plan Text, the HOOPP Plan Text will govern. More details, including the full HOOPP Plan Text and a complete description of the Plan and its benefits, can be found on hoopp.com.