Just found this in the PDS:"In normal circumstances the Fund...

Just found this in the PDS:

"In normal circumstances the Fund will be unhedged to
Australian dollars. Foreign exchange risk is significant
as the China A shares are denominated in renminbi,
a small amount of cash in US dollars will be held for
InvestCo expenses and there is the possibility that some
Working Capital will be invested in futures contracts
via the Singapore Futures Exchange. For an Australian
investor, this means that if the Australian dollar
appreciates in value relative to the foreign currencies
in which the assets of the Fund are denominated, the
investment performance of the Fund will suffer.
Conversely, if the Australian dollar depreciates relative
to those foreign currencies, the performance of the Fund
will benefit".

So it's unhedged and currency changes can have a big effect. Does anyone know just how large this can be and has it previously done much to the portfolio?? For eg we had the run up to amost parity and back down again only last year. How did this effect the sp?

Thanks