The new share classes will hedge yen exposure back into sterling to mitigate the currency risk from the weakening yen. Investors will also be able to switch between share classes without having to realise their investment or incur any capital gains tax liability.
Martin Currie director of product development Toby Hogbin says: “Clients can either select the new share class with the yen currency risk removed, or invest in the unhedged share class if they anticipate depreciation in sterling against the yen.”
In September the group added a dollar hedged share class to its American funds. To date this share class has attracted £10.4m.