Russell 2000 tracker -- hedged

Millyonare

Hi folks.

Is anyone aware of a Russell 2000 index tracker or ETF that has its currency hedged? USD to GBP.

Millyonare

Quick bump.

coastline

Not your answer just something I've looked at...Fund sizes aren't that great ?

Top Russell 2000 ETFs | Find The Best Russell 2000 ETF | justETF

Another observation. FTSE 250 tracker ETF MIDD.L and RUSSELL 2000. There'll be no dividends included on the charts but here goes. Very often we wonder why our shares and funds are going up and down. Sometimes it's worth looking for a comparison and the US has many of the answers.

6 MONTHS MIDD.L and RUSSELL 2000

iShares PLC iShares FTSE 250 Dist, UK:MIDD Advanced Chart - (LON) UK:MIDD, iShares PLC iShares FTSE 250 Dist Stock Price - BigCharts.com (marketwatch.com)

2 YEARS

iShares PLC iShares FTSE 250 Dist, UK:MIDD Advanced Chart - (LON) UK:MIDD, iShares PLC iShares FTSE 250 Dist Stock Price - BigCharts.com (marketwatch.com)

10 YEARS.  Looks like a pandemic boom in 2020-21. Apart from that ?

iShares PLC iShares FTSE 250 Dist, UK:MIDD Advanced Chart - (LON) UK:MIDD, iShares PLC iShares FTSE 250 Dist Stock Price - BigCharts.com (marketwatch.com)

Millyonare

Thanks, dude.

Yup, have seen those ~5 Russell ETFs, but they're all unhedged. The £ is looking strong for 2024 (personal view) and don't want to get caught on the hop.

Tend to avoid UK shares for now. The market is fading away. The new UK ISA might help a little, but probably not enough to match the US momentum.

InvesterJones

If pound is looking strong you've already missed the boat. But if you can't find a hedge for the particular index you want then get the non-hedged version and hedge a compensatory amount elsewhere (unless all your other investments are already hedged).

masonic

I was also going to suggest breaking out your currency speculation into another financial instrument. It may even be cheaper to do so.

Frequentlyhere

I suspect in observing this you're just noting a very typical feature of recent bull runs/recessions which is simply that GBP rises against USD when equities are rising and falls when equities are falling.

It's not coincidence that GBP started rising in October 2023, collapsed (briefly) in Feb 2020, and fell fully 30% in 2008-09.

This is only really useful information for currency speculation of course if you have an equities crystal ball.

What it does mean is that UK investors investing in a typical unhedged tracker do get milder highs and shallower lows relative to US investors, for better or worse.

Millyonare

Yes, have toyed with hedging elsewhere. But it adds an extra layer of complexity and financing.