One of the more recent developments in managed accounts is the introduction of international equities as a more significant part of the portfolio. However, this in turn introduces currency risk.
Read the article for the third and final instalment of the Understanding Managed Accounts video series where we explain the key considerations when managing currency exposures in a multi-manager portfolio.
For a deep dive on the topic, you can read the technical paper: Understanding Managed Accounts: Managing Currency Risk authored by State Street Global Advisors.