Which of the UK Large Cap trusts offers the greatest non-GBP exposure to revenues and earnings?
If your view is that GBP may well continue to weaken (particularly vs USD where the rates cycle has clearly turned), what is the best way to gain exposure to the potential translation gains as non-UK earnings buy more GBPs…?
A truly globally invested fund is the obvious choice but, with c.70% of FTSE revenues denominated ex-GBP, another angle might be to find the fund most exposed to this index characteristic.
Thank you in advance. Thoughts/ideas all welcomed…