Bond Fund Managers Favour Dynamic Currency Management
FUNDS
LONDON--International bond fund managers are showing an increasing appetite for currency hedging strategies, according to a survey by Edinburgh-based consultants, the WM Company.
Lindsay Smart, a director at WM, says that 26 per cent of international fixed income portfolios now employ some form of currency hedging strategy, from a low of 10 per cent at the beginning of 1997.
The upswing reflects an investment trend towards fixed income funds in recent months, says the report. It adds that
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