I live in the UK and my investments are held within an ISA. I've recently bought VWRP and very happy with this, however I am trying to understand the mechanisms that can impact the movement in this ETF.
I know that the stocks held within have an impact on VRWP pricing, but would I also be right to assume that a weakening USD will hurt my investment here?
I have looked at VRWP (GBP) and VWRA (USD) and since inception the gains are 69.90% and 86.68% respectively. Would it therefore make sense to split my investments across multiple currencies to 'hedge' against currency movements? Does anyone else do this and how have your results been so far?
I'm trying to understand how this ETF works in more detail as I plan to max my ISA out every year for the next 20 years to support early retirement.