RBA’s Hauser expects ‘significant’ rise in pension funds’ FX hedging
Deputy governor expects Australian dollar’s “natural hedge” to remain but be less relevant to funds
Australia’s pension funds will increase their foreign exchange hedging “significantly” even though the natural hedging properties of the country’s currency are expected to remain, the deputy governor of the country’s central bank has said.
In a speech today (September 16) to the board of CLS Bank International in Sydney, Andrew Hauser said that when backing riskier foreign asset holdings, the country’s investors had “typically taken only modest levels of protection against FX movements”.
Hauser
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