Key global trends – equities finally pull back
Global equities had their first monthly negative return since bottoming in March, reflecting a shakeout in the high-flying U.S. technology sector. Despite the risk-off equity sentiment, gold prices also fell back (and commodities more generally), which likely reflected a rebound in the ‘safe-haven’

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Unlike investing in local shares and property, investors considering exposure to international shares and commodities face the decision of whether to hedge the associated foreign currency exposure.
All else constant, if you are bullish on a global investment exposure but also bullish on the Australian dollar, it makes sense to seek a currency-hedged exposure if available,

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