I am a US$ base investor. I am long some GBP cash. I don't want convert GBP to US$ at this level.
I would like to invest in a GBP-denominated S&P 500 ETF. I have the choice of a currency hedged or unhedged version. Ultimately, I would like to convert the GBP back to USD when sterling recovers. I am making the assumption S&P rises and sterling recovers over the next 3 years.
The two products I am looking at are IGUS and CSPX. Knowing I ultimately want to bring the money back to US$, would I be better served with the hedged or unhedged product?