U.S. Bank Introduces Passive Currency Hedge Service for Institutional Investors
January 25 2021 - 1:00PM
Business Wire
U.S. Bank announced today that it has enhanced its suite of
Foreign Exchange (FX) solutions with a new passive currency hedging
service to support asset managers and asset owners.
The new U.S. Bank Global Currency Management solution offers
institutional investors a highly automated and scalable solution
for portfolio and share class currency hedging with available
look-through and index replication strategies.
The tool – powered by currency management provider Lumint
Corporation’s industry-leading technology – will allow investors to
enjoy full performance of their assets and protect their overall
investment from FX volatility.
“By relying on U.S. Bank’s solution, our clients can eliminate
the cost and reduce the operational burden of an in-house program –
allowing them to focus on their core investment expertise,” said
Christine Waldron, Chief Global Strategy Officer at U.S. Bank
Global Fund Services.
The new rules-based Global Currency Management solution benefits
investors who want to invest outside their home country but do not
want to take on volatile currency risks. The robust new tool also
will provide clients with sophisticated reporting and attribution
analytics for evaluating performance.
“We are proud to add this market-leading currency hedging tool
to the full suite of solutions that U.S. Bank offers for
individuals, small businesses and corporations,” said Chris Braun,
U.S. Bank Head of Foreign Exchange “This is an important part of
our strategy to enhance our global offerings for institutional
investors.”
For more information about U.S. Bank’s Global Currency
Management solution, please visit our website.
About U.S. Bank
U.S. Bancorp, with nearly 70,000 employees and $554 billion in
assets as of December 31, 2020, is the parent company of U.S. Bank
National Association, the fifth-largest commercial bank in the
United States. The Minneapolis-based bank blends its relationship
teams, branches and ATM network with mobile and online tools that
allow customers to bank how, when and where they prefer. U.S. Bank
is committed to serving its millions of retail, business, wealth
management, payment, commercial and corporate, and investment
services customers across the country and around the world as a
trusted financial partner, a commitment recognized by the
Ethisphere Institute naming the bank one of the 2020 World’s Most
Ethical Companies. Visit U.S. Bank at www.usbank.com or follow on
social media to stay up to date with company news.
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Kristin Kelly kristin.kelly@usbank.com 303.585.4129
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