Cathay Financial Holding Co., Ltd. : Cathay Financial : 4Q Forex Hedging Cost 110 BPs Vs 300 BPs In 3Q
03/20/2012 | 02:25am US/Eastern
Cathay Financial Holdings Co. (2882.TW) said Tuesday the hedging costs for its overseas investment portfolios dropped to 110 basis points in the fourth quarter, from 300 basis points in the third quarter.
It didn't elaborate.
Cathay Financial is Taiwan's biggest listed financial conglomerate by assets.
-By Jenny W. Hsu, Dow Jones Newswires; +886 2 2502 2557; firstname.lastname@example.org