Brown Advisory adds hedged share class to US fund

US investment firm Brown Advisory has added a sterling hedged share class to its American fund, removing potential currency risk for UK investors.

The US fund, unveiled in 2008 under the company’s Dublin Ucits III structure, is sub-advised by the management teams of Brown Advisory’s three existing US funds. The portfolio combines the US Equity Value, US Equity Growth and US Smaller Companies strategies, with a respective fixed allocation of 40%, 40% and 20%. The firm’s London director, Logie Fitzwilliams, says: “Launching this sterling hedged share class makes long-term sense as we continue to see increased interest in our American fund, particularly from UK-based investors.” He adds: “With many UK institutions having only a ...