Martin Currie has added a dollar-hedged share class to its North American fund. The move was first revealed by Fund Strategy in June as a way of reducing risk in the £590m fund, managed by Tom Walker.
According to the group, the hedged share class allows investors to mitigate the currency impact from holding North American investments.
The move will also allow investors to express currency views through having the ability to switch between share classes without having to realise their investment or incur any capital gains tax liability.
Martin Currie has also added a dollar-hedged share class to its recently launched North American Alpha fund, for institutional investors.