SYGUK sitting at R234.40 offers decent GBP exposure through the FTSE 100, but the pound's volatility agains…by @scandi_jse64 on $SYGUK

SYGUK sitting at R234.40 offers decent GBP exposure through the FTSE 100, but the pound's volatility against the rand makes it a bit of a currency bet as much as a UK equity bet. Are people here treating it as a hedge or pure index play?