TwentyFour AM introduces currency hedge ahead of French election

Election to be held on 23 April

Laura Dew
TwentyFour AM introduces currency hedge ahead of French election

TwentyFour Asset Management has hedged its portfolios in the run-up to the French election this Sunday with a new currency position.

The firm said it had already taken some risk off its portfolios in the run-up to the election, but took advantage of the sell-off in the US dollar to put further hedges in place. Polls are suggesting a battle between candidates Emmanuel Macron and Marine Le Pen, but there remains a threat from far-left candidate Jean-Luc Melenchon who has seen a recent surge in support. The latest hedge against potential turmoil in Europe employed by TwentyFour is via an option position on a weaker euro versus the US dollar. T.Rowe Price's Orchard: What will be the impact of the European election o...

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