Australian Pensions to Lift Currency Hedging as Iran War Lingers

The vast majority of Australia’s pension funds intend to shield their portfolios from currency swings amid fears tensions in the Middle East will rapidly escalate, according to a survey by...

By Matthew Burgess, Amy Bainbridge · Bloomberg Markets

The vast majority of Australia’s pension funds intend to shield their portfolios from currency swings amid fears tensions in the Middle East will rapidly escalate, according to a survey by Commonwealth Bank of Australia.