👉 Hedgeless, in finance and economics, refers to a financial instrument or strategy that does not involve any hedging. It is often used when there are no immediate risks of market volatility or economic downturns, and the investor seeks to minimize risk by buying assets with high price-to-earnings ratios and holding them for periods longer than one year. Hedgeless strategies can include a variety of financial instruments such as stocks, bonds, mutual funds, futures contracts, options, and exchange-traded
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