EEU aims to track the performance of the Euro against the Australian dollar (before fees and expenses).
If the Euro goes up 10% against the A$ the Fund is designed to go up 10% too, before fees and expenses. Conversely, the Fund will go down if the Euro falls.
Benefits of EEU
Simple, convenient AUD/Euro exposure
EEU can be bought and sold like any share on the ASX, avoiding the inconvenience and complexity of trading CFDs, or dealing in FX markets.
Management costs are 0.45% p.a. For most investors, the total costs of ownership can be expected to be significantly cheaper than many alternative ways of getting exposure to the performance of the Euro.
Currency exposure can diversify your portfolio, as currencies historically have shown low correlation to shares and other major asset classes.
How to Invest
- You can buy or sell units just like you’d buy or sell any share on the ASX.
- Fund requires no minimum investment.