As forex capabilities have been removed from IB retail accounts, I have been thinking about ways to be able to buy the US markets while removing AUD currency risk.
Found an iShares AUD Hedged SPX500 ETF on the asx
Anyone know how the AUD hedging works ? I read the docs on the site but all it says is that they hedge but their hedges do not remove all currency movement risks. Does anyone have more detail on the process they use ?
Like to know what risks I am exposed to before I buy this short or long term.