Access the performance of the Euro relative to the Australian dollar
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.
There are risks associated with an investment in EEU, including market risk, foreign currency risk and interest rate risk. Investment value can go up and down. An investment in the Fund should only be considered as a part of a broader portfolio, taking into account your particular circumstances, including your tolerance for risk. For more information on risks and other features of the Fund, please see the Product Disclosure Statement and Target Market Determination, both available on this website.
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.
|% Change (prev day)|
* Data is delayed by at least 20 minutes.
**As at 20 April 2022 04:29:59 PM
* As at 6 December 2023
|Net assets* ($A)||$1,575,939|
|Units outstanding* (#)||103,000|
|Management fee and cost** (p.a.)||0.45%|
|Distribution reinvestment plan (DRP)||Full participation available|
|Registry||Link Market Services|
* As at 6 December 2023**Certain additional costs apply. Please refer to PDS.
|Bloomberg code||EEU AU|
|iNAV IRESS code||EEUINAV.ETF|
|Market makers||Susquehanna Pacific|
|Bloomberg index ticker||N/A|
Holdings & allocation
* As of 31 October 2023
Fund returns after fees (%)
|3 year p.a.||-0.50%||0.21%|
|5 year p.a.||0.14%||0.87%|
|10 year p.a.||0.90%||1.52%|
* As at 31 October 2023.
Past performance is not an indicator of future performance. Returns are calculated in Australian dollars using net asset value per unit at the start and end of the specified period and do not reflect brokerage or the bid ask spread that investors incur when buying and selling units on the ASX. Returns are after fund management costs, assume reinvestment of any distributions and do not take into account tax paid as an investor in the Fund. Returns for periods longer than one year are annualised. Current performance may be higher or lower than the performance shown.
Past performance is not indicative of future performance. Please refer to "Fund returns after fees" for additional information regarding performance/return information.
|Interest rate^ (p.a.)||0.70%|
|12 mth distribution yield*||-|
^The interest rate earned on Fund's Euro denominated bank deposits, excluding Fund's fees and costs as at 6 December 2023. *Yield figures are calculated by summing the prior 12 month fund per unit distributions divided by the fund closing NAV per unit as at 31 October 2023. Yield will vary and may be lower at time of investment. Past performance is not indicative of future performance.
|Ex Date||Record Date||Payment Date||Distribution Unit ($)||Annual Distribution Return (%) (1)|
1 This is the annual distribution return to the end of the relevant distribution date. The distribution return reflects the contribution to total investment return made by the Fund's distributions. Distribution return is calculated as the total return less the growth return. Total return is calculated as the percentage change in a continuing investor's interest in the Fund assuming reinvestment of all distributions back into the Fund (and no other application or withdrawal), net of ongoing fees. Growth return is the Fund's return excluding distributions, net of ongoing fees. Past performance is not indicative of future performance.