Findlay Park adds unhedged share classes to popular funds

Findlay Park has launched a sterling unhedged share class for its American and Latin American funds, to allow investors to manage their own currency exposure.

The funds already have sterling hedged shares and US dollar shares, and the latest move is to increase optionality and flexibility for investors, a statement said. Investors using the new share class will be exposed to gains and losses associated with the US dollar. The existing Findlay Park American fund sterling shares will be renamed sterling hedged shares, to avoid confusion, the group said. The Findlay Park American fund is currently soft-closed to new investors. The importance of currency positioning has been highlighted this year with big swings seen in the major currenci...