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hey its Jim and this is level three of the CFA program the topic on derivatives and currency management and the reading on currency management and introduction this is a relatively comprehensive reading and what weve done to accommodate that length is to divide the slide decks into two parts so this is part one were calling this strategic choices and this essentially is an application of what the authors of this reading state in that very first paragraph in this reading uh theres a sentence in there that sounds something like you know invest investors are increasingly interested in shedding the home bias and as good Financial analysts who craft excellent and comprehensive and efficient policy statements of course were looking at domestic assets but then we need to look outside of the borders and so really what this reading summarizes is the simple fact that hey if were in the United States we can invest in a share of stock on the floor of the New York Stock Exchange and we can a
