Fund pickers are shunning UK equity funds and hedging their sterling exposure as currency volatility looks set to continue in the run-up to June's EU referendum, with the pound hitting a seven-year low last week on fresh Brexit concerns.
London Mayor Boris Johnson's announcement he is backing the ‘out' campaign led the pound to fall 1.7% versus the dollar to $1.41 last Monday, its worst daily performance since May 2010. It subsequently...
Funded 40% of IPOs
Looking to launch new property vehicles
Stocked up on equities ahead of the referendum
Exacerbated by Brexit effect
Could spell risks for investors