Lombard Odier launches sterling-hedged version of corporate bond ETF

Allows investors to manage currency volatility

Lombard Odier Investment Managers and ETF Securities have launched a sterling-hedged version of their global corporate bond ETF, to provide investors with protection against adverse currency movements.

The sterling-hedged version of the ETFS Lombard Odier IM Global Corporate Bond Fundamental GO UCITS ETF has been listed on the London Stock Exchange as a response to increased currency volatility in 2015. The move follows other peers in the market such as PIMCO, which partnered with ETF-provider Source last November to launch a sterling-hedged version of its $1.2bn high yield corporate bond ETF, to remove US dollar currency exposure. ETF boom and more wealth manager consolidation: The Contrarian's 2016 watchlist Kevin Corrigan (pictured), head of fundamental fixed income at Lombard ...