GLG unveils hedged version of Japan CoreAlpha

Run by highly-regarded managers Stephen Harker and Neil Edwards, the new Dublin-domiciled GLG Japan CoreAlpha Equity fund offers three share classes - hedging yen exposure into the euro, dollar and sterling.

Its charges will mirror those of the UK-domiciled fund, with a 1.5% AMC and £1,000 minimum investment.

Harker and Edwards' unhedged Japan CoreAlpha is the largest vehicle in its IMA universe, returning 9.95% over the four years since the duo took over the fund on 31 January 2006, against a 25.47% fall for the peer group.

"We recognise some investors prefer to mitigate the currency risk when investing abroad so it makes sense to launch a new version of the fund for those keen to gain yen-hedged exposure to Stephen and Neil's proven strategy," GLG joint head of UK retail Richard Phillips says.

Categories: Japan / Far East

Tags: Japan

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