Not all asset managers that run foreign funds use fair valuation to determine the true value of their underlying holdings, a survey of 77 investment firms by Deloitte & Touche.

Only 84% have set systems for fair valuation when there has been a significant movement in overseas markets or an event that would trigger fluctuations, and only 55% use foreign currency exchange rates as of 4 p.m. ET each day to translate the market values of foreign securities.

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