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City's global funds benefit from pound's Brexit plunge

Funds with overseas assets that book profits in sterling are making hay from the weak pound

By

Georgi Kantchev, The Wall Street Journal

UK-based funds with global portfolios have benefited from the pound's steep fall after Britain’s June vote to leave the European Union
UK-based funds with global portfolios have benefited from the pound's steep fall after Britain’s June vote to leave the European Union Photo: iStockPhoto

Here’s one winner from the pound’s post-Brexit plunge: sterling-priced funds.

Many UK-based funds with global portfolios have made hay out of the pound's steep fall after Britain's June vote to leave the European Union, according to data from Morningstar and fund managers.

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