Investec Asset Management has revamped its currency fund offering to appeal to investors seeking alternative ways of generating returns with relatively low volatility in a difficult climate.
The Luxembourg-based Investec GSF Managed Currency fund has been renamed as the Investec GSF Currency Alpha fund. US dollar and Euro share classes will now sit alongside the existing sterling share class. The absolute return, cash-plus product will target returns through active currency management. Fund managers have an internal target to provide 2-3% p.a. gross return over the relevant LIBOR benchmark. The fund is aimed at more conservative fund of funds plus investors looking for an alternative cash-plus strategy in any of the three currencies. "Following the recent interest rate cu...
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