Hi guys,
I’m new around here. All of my stocks are US-listed, meaning I will have to convert GBP to USD when buying and selling. I’ve noticed that the returns I’m making on the stocks I bought when the $ was stronger against the £ are being reduced by high single digit number!
How do you go about hedging against currency risk? One possible approach would be to invest more in UK-listed stocks vis-a-vis US-listed stocks. However, none of the premium investment services I subscribe to (Motley Fool US, Seeking Alpha) cover UK-listed companies in detail and I am not sure I’d be interested in them either. I am invested in the FTSE All Share through an ETF, but that’s it.