iShares has launched the first currency hedged equity exchange-traded funds (ETFs) for the European market.
The five funds offer hedged exposure to the MSCI Japan, MSCI World and S&P 500. They are all hedged in euros and the World and S&P 500 are also hedged in sterling.
The ETFs have come from the demand that institutional investors have for equity exposure without the currency risk.
"Translating that into an ETF took some time," says Axel Lomholt, head of product development, iShares EMEA in L
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