Warning 'misconceptions' of currency hedging will be the next industry scandal as FCA 'turns blind-eye'
Sterling rally a major risk
Currency hedging
Industry commentators have warned the majority of independent financial advisers (IFAs) and wealth managers have failed to hedge their foreign currency holdings into sterling, meaning a rally in the pound could wipe out returns.
In a further warning, they said unknowing investors in safe-haven assets such as global bond funds will be hardest hit by a sterling rally, as bonds are most affected by currency movements. In 2016,...
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