Magellan axes currency hedging in trustBY ANNABELLE DICKSON | THURSDAY, 26 NOV 2020 11:43AMA Magellan trust has removed its currency hedging strategy to reduce the downside risk to the portfolio when equity markets and the value of the Australian dollar are both declining. Related News |
Editor's Choice
Ausfood Super appoints chief executive
Australian Food Super, the superannuation fund set up for employees in the meat industry, has named Michael Sykes as its new CEO.
mFunds sparked ASX outage, $1m credit issued
The ASX said the outage from last month largely stemmed from the now-defunct mFunds and will subsequently credit participants $1 million to make amends.
Aussie shares cost 8% more on rebalance days: Dimensional
Investing in the S&P/ASX 300 on a day it rebalances puts an 8% premium on share prices, a phenomenon that follows major global indices, new research from Dimensional Fund Advisors finds.
Rest appoints first-ever chief of staff
Rest has appointed a senior wealth management leader and superannuation expert from Insignia Financial to take the reins as chief of staff.
Products
Featured Profile
Kellie Wood
HEAD OF FIXED INCOME
SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED
SCHRODER INVESTMENT MANAGEMENT AUSTRALIA LIMITED
Schroders Australia's Kellie Wood talks about winning a lot, so much so that it's become a well-intentioned joke with her co-workers - but it's this ambitious attitude that spurs her on every day. Eliza Bavin writes.