redemption yield

the fund, which is fully hedged into renminbi, returned 15. 3 per cent last year and also offered a 6 per cent gross redemption yield.

该基金完全以人民币进行对冲，去年的回报率为15.3%，总赎回收益率约为6%。

The gross redemption yield of a bond is simply the average rate at which the sum of the future coupon payments and redemption proceeds are discounted to equate their value to the current market price.

债券的总赎回收益率，简单来说，就是使未来的息票兑现额和赎回收益的总和等于当前的市场价格的平均利率。

Current yield increased or decreased to take account of the capital gain or loss on redemption.

赎回证券时,将当前收益率的涨跌情况纳入资本利得或损失的计算内.

if the reinvestment rate is lower than the redemption yield, the opposite is true.

如果再投资利率低于赎回收益率，则反之。