Visitors Now:
Total Visits:
Total Stories:
Profile image
By ProactiveInvestors (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Currency risk ‘the next scandal in UK financial services’, says Tavistock Wealth’s Raven

Thursday, October 6, 2016 4:21
% of readers think this story is Fact. Add your two cents.

(Before It's News)

Ben Raven, Head of Business development at Tavistock Wealth Ltd, tells Proactive the last 20 years has seen a fundamental shift away from financial advisers recommending UK-centric portfolios to a globally diversified approach.

He adds that this shift brings with it an increase in the average client’s exposure to overseas markets and in turn the currency markets.

Raven claims this exposure and the impact it can have on a client’s returns and their volatility that is often overlooked or at times misunderstood.

”Some mistakenly believe if you hold any foreign investments via a sterling share class then you are somehow immune to the impact of the currency markets which is not the case. If we were to hold, for example, a Sterling share class of a dollar-denominated investment such as a US equity fund, we would be exposed to that US equity market and the Sterling/Dollar currency pair”, Raven says.

Story by ProactiveInvestors

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.