In the run up to the hard deadline of 31st December, 2020, when the United Kingdom will officially no longer be part of the European Union (Brexit), we would like to notify any of our investors in the Pound Sterling (GBP) share classes that they might experience higher-than-usual currency volatility, given the funds’ base currencies are in the United States Dollar (USD). As a management company, as defined in the funds’ offering documents, currencies might be hedged against the respective funds’ base currency, however this is at the discretion of the manager, taking everything into account including any trading or hedging costs. Even if currencies are hedged, as always there are times when currencies might be under-hedged or over-hedged, resulting in possible currency gains or losses outside our control.
Feel free to contact our investor relations team on investorrelations@fmgfunds.com for any further clarification.
Please be guided accordingly.