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Schroders launches GBP hedged unit classes

4th July 2013 Print

Schroders has launched GBP hedged unit classes for four of the funds in its UK fund range.

The GBP hedged unit classes, which are available to retail investors with immediate effect, have been launched for the Schroder European Fund, Schroder European Alpha Plus Fund, Schroder Tokyo Fund and Schroder Japan Alpha Plus fund.
 
The intention of Schroders' hedged unit classes is to remove the currency effects of investing overseas. For example, an investor may want to invest in Japanese companies, but have concerns that the Japanese yen may weaken versus the pound, thus eroding the value of the fund's holdings in sterling terms. In order to mitigate this risk, the investor might choose to invest in the hedged unit class.
 
Robin Stoakley, Managing Director of UK Intermediary said: "We have launched these new unit classes to give investors a wide variety of choice in the market and to help them protect against currency volatility.
 
"The Schroders' hedged unit classes aim to remove the effect of exchange rate movements so that the investor experiences only the performance of the underlying portfolio. This means investors can access some of our most popular funds while mitigating currency volatility."