BetaShares launches Pound and Euro currency ETFs
SYDNEY, 11 July 2011: BetaShares has today quoted two more currency ETFs on the Australian Securities Exchange (ASX). Trading under the ASX Codes ‘POU’ and ‘EEU’, BetaShares British Pound ETF and BetaShares Euro ETF track the performance of the British Pound (GBP £) and the Euro (€) relative to the Australian dollar (A$).
The new ETFs employ the same simple, transparent and highly cost-effective structure of the BetaShares US Dollar ETF, which has been one of the most successful ETF launches in Australia since its introduction in February this year. The assets of the new funds consist of British Pounds or Euros held on deposit with JPMorgan Chase Bank.