My first post. I want to invest in overseas shares (using managed funds) and now seems like a good time as any as most markets are depressed.
One thing I am worried about however, is the fact that the Australian dollar has dropped significantly against most major currencies and I've read about currency risk where a (future) escalating Aussie dollar will significantly eat into the value of the fund if I invest today.
I don't really understand how currency hedging and managed funds work - should I be looking for funds that have a good long term performance and not worry about hedging or funds that have partial or 100% hedging over a long period?
Any help/suggestions appreciated.