Liontrust Asset Management has launched unhedged shares classes for its £112m European Enhanced Income fund for clients wishing to manage their own currency exposure.
The two unhedged share classes, income and accumulation, were added last month in response to client demand, against a backdrop of currency volatility. Sterling has fallen around 14% against the US dollar since the Brexit vote at the end of June, and even saw a flash crash last Friday, dropping 6% before quickly recovering. As a result, more wealth managers are looking to manage their own currency exposure and choose unhedged share classes. Manager of the European Enhanced Income fund Olly Russ (pictured) said: "With the current state of sterling, UK investors' focus needs to be on...
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