Tilney Bestinvest calls time on yen and euro hedges

clock • 1 min read

Tilney Bestinvest has removed its currency euro and yen hedges in the belief that the macroeconomic factors driving weakness in the currencies have now subsided.

The wealth manager's chief investment officer Gareth Lewis said the strong currency views taken by the investment team in recent months have been wound down as currency pressures ease. Tilney Bestinvest: Currency, not positioning, will define returns this year Since the start of the year, the euro has fallen from $1.21 to $1.05 in March, while the yen was at 107 yen to the US dollar in October, and currently trades at 123. But falls in the currencies have stabilised, with the euro trading around the $1.10 mark today despite the growing risk of a Greek exit from the eurozone. ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Currencies

Four Graphs explaining sterling

Four Graphs explaining sterling

Four experts write

Investment Week
clock 09 January 2024 • 3 min read
BoE's Jon Cunliffe: Digital pound likely needed by 'end of the decade'

BoE's Jon Cunliffe: Digital pound likely needed by 'end of the decade'

Concerns around privacy remain

Cristian Angeloni
clock 27 October 2023 • 3 min read
Four Graphs explaining currencies

Four Graphs explaining currencies

Four experts write

clock 25 October 2023 • 2 min read
Trustpilot