Aussie funds shun overlay

National Australia Bank’s (NAB) survey of Australian superannuation funds’ approach to FX exposure found the number of currency overlay users has fallen by more than 50% in recent years. According to Donald Hellyer, director, financial institutions at NAB in Sydney, the decline is because Australian funds have not been convinced of the benefits of overlay.

"There are large doubts on currency overlay managers’ abilities to gain additional returns (alpha)," Hellyer told FX Week. "Superfunds know

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services -, or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to FX Markets? View our subscription options

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: