The continued weakness of sterling against the US dollar has prompted fund buyers to move out of sterling-hedged share classes and into unhedged or dollar-denominated positions.
After breaching highs of $2 to the pound in 2007 and 2008, sterling fell below $1.37 in January 2009 to its lowest level for 25 years. It recovered somewhat in subsequent years, climbing back above...
Long-term growth area
Round-up of diversity coverage
Top five holdings make up 45%
Central banks in tight position in case of downturn
Going against the grain