De Lisle Partners has launched a new share class for its VT De Lisle America fund in response to the strength of the dollar, Investment Week can reveal.
De Lisle said it had launched the new hedged class "to meet demand from new sterling investors looking to reduce the impact of currency fluctuations and exchange rate uncertainty". The pound has been volatile against the dollar this year, dropping from a high of $1.37 in January of 2022 to a low of $1.03 earlier this week. It currently sits at $1.11. Treasury Committee calls for OBR forecast to be expedited due to 'continued market uncertainty' The fund is managed by Richard de Lisle, investing in US small and mid-caps with low price-to-earnings ratios. The fund has returned 490% s...
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