The Russell Investments Hedged Global Shares Interest Fund (the Fund) is a PIE-compliant New Zealand-domiciled fund with investments managed by Russell Investments. FundRock NZ Ltd is the issuer and manager of the Fund. The Fund is registered as an offer within a Managed Investment Scheme under the Financial Markets Conduct Act 2013 and is regulated by the FMA.
Objective of the Fund is to provide a total return, before costs and tax, higher than the MSCI ACWI Index – 100% Hedged to NZD – Net over the long term.
Strategy: The underlying investment exposure is predominantly to a broad range of international shares listed on stock exchanges in developed markets as well as emerging international markets. Derivatives may be used to obtain or reduce exposure to securities and markets, to implement investment strategies and to manage risk. The Fund targets a position of being fully hedged back to New Zealand Dollars. Due to active currency management by the underlying managers, there will generally be some foreign currency exposure.
