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Investors wishing to maintain overseas market exposure without currency risk should buy sterling hedged share classes, according to Rob Pemberton, investment director of wealth manager HFM Columbus.
By Lora Coventry, Analyst, Financial Express Tuesday June 29, 2010
He points to the GLG Japan Core Alpha and Martin Currie North American funds as offering sterling hedged share classes.
"While the S&P500 index and the Japanese Topix Index have both fallen 3 per cent in local currency terms so far this year, Topix has gained 10 per cent and the S&P500 5 per cent when translated back into sterling. This has been reflected by positive returns from North American and Japanese equity funds," Pemberton said.
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