Dollar Swoon Sees Australians Pour Record Flows Into Hedged Fund

The slump in the US dollar this year is convincing Australia’s individual investors to seek protection for their American investments, with one popular currency-hedged fund drawing record inflows.

Retail investors in the country have poured an all-time high $320 million into BlackRock’s Australian-dollar hedged S&P 500 Index exchange-traded fund this year, almost double the amount of 2024, according to data compiled by the firm. Currency-hedged ETFs now account for three of the top five Australian-listed BlackRock funds for net inflows this year, the data show.