LVAM launches hedged share class for European fund

LV= Asset Management is launching a hedged share class for its European ex-UK Growth fund, to minimise currency risk for investors.

The sterling hedged share class will launch tomorrow, allowing clients to manage exposure to the euro at a time when the outlook for the currency is uncertain. LVAM is offering free switches between the two share classes, allowing investors to express currency views without incurring any capital gains tax liability. The group says the launch is in response to demand from institutional and discretionary clients. Recently-hired head of sales, Matthew Wright, says: "We know that there is demand for this type of product from clients and indeed, we already have strong pipeline interest ...