Falling greenback weighs on Aberdeen PE trust
Aberdeen Private Equity fund has blamed the fall of the dollar against sterling for its 5.8% drop in share price over the six months to 30 September, declining to 103.6p.
Currency
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dollar strength a boon and a challenge
Sterling suffered a little bit at the end of last week as a result of trade balance figures showing the deficit had widened along with strong US labour data.
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iShares lists currency hedged EM bond fund
iShares is offering investors currency-hedged emerging market bond exposure through an ETF listed today on the London Stock Exchange
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Kleinwort Benson appoints head of bonds
Fadi Zaher has been appointed head of bonds and currencies at Kleinwort Benson as the firm looks to strengthen its client proposition and enhance its core offering.
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GSAM expands EMD suite
Goldman Sachs Asset Management (GSAM) has unveiled a blended growth and emerging markets debt portfolio, a long-only vehicle which will invest in fixed income securities denominated in US dollar and local currencies.
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Fidelity cash in on local EM debt opportunities
Fidelity has launched the Emerging Market Local Currency Debt fund, the fourth in a series of emerging market debt funds recently launched by the firm.
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Yen powerful diversifier
Holding Japanese yen could still be a powerful portfolio diversification tool, despite its current depreciation, according to Mouhammed Choukeir, CIO of Kleinwort Benson.
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Equities rise as sterling plummets
The UK equity market is outpacing its European counterparts, and could continue doing so despite on-going currency woes according to the chief investment officer at Coutts.
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Think about currency now
UK investors considering selling offshore assets this year are being encouraged to start thinking about currency valuations as a priority as sterling continues it decline.
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Pound falls following BofE announcement
A less than rosy economic forecast by the Bank of England caused the pound to fall to a six-month low against the dollar and to one of its lowest levels against the euro for 15 months on Wednesday.
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Record week for Japanese equities
Japanese equity funds enjoyed a record-breaking start to February as inflows hit a 34-week high and retail commitments reached their highest level since Q2 2006, data from EPFR shows.
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tideway global navigator fund
Tideway Investment Partners’ Global Navigator Fund has increased its allocation to foreign currency to 35% due to fears of a weakening pound.