Magellan launches hedged global equities fund
Magellan Financial Group Limited has announced it is launching a currency hedged version of the ASX-quoted Magellan Global Equities Fund.
According to an announcement yesterday, the new Magellan Global Equities Fund (Currency Hedged) is expected to commence trading on the ASX on 10th August 2015.
“Following the recent fall in the Australian dollar we have seen increased investor demand for the currency hedged versions of our funds,” said general manager of distribution at Magellan, Frank Casarotti.
“We have been delighted with the response and support from investors, stock brokers and financial advisers for our ASX-quoted Magellan Global Equities Fund.”
The announcement said the fund works to “create a simple solution” to assist SMSF and retail investors in diversifying their portfolios.