US dollar slide threatens super funds returns
Investment chiefs overseeing trillions of dollars in retirement savings are mulling a monumental adjustment to their foreign currency exposure to help mitigate losses from Donald Trump's unpredictable trade agenda.
Super funds currently have an estimated $379 billion invested in overseas shares, of which around 20 per cent is hedged or protected against a decline in the US dollar which can bite into investment returns when converted to Australian dollars. It used to be 35 per cent a couple of years ago.
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