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Having read Charlie Aitken’s article regarding overseas investing, I am very interested in which listed Managed Funds would be recommended.
I understand what Hedged and Non Hedged is but am not sure which funds fit into these categories.
A: In terms of actively managed funds, I would consider funds such as MGE from Magellan, WQG which is managed by WCM, and potentially PIXX from Platinum. These are all traded on the ASX.
Hedged versus unhedged is always an interesting question, with some managers arguing that over the long run, it doesn’t make that big a difference. However, when the Aussie dollar is “oversold” and arguably below its long-run value, the case for hedging is somewhat stronger.
Magellan offers a hedged version through MHG.
For passively managed index tracking funds, consider IVV from iShares, which tracks the US S&P 500. There is also a less liquid hedged version, IHVV. Vanguard’s International Shares Index Fund (VGS) or its currency hedged version, VGAD should be considered.
