BetaShares launches Strong Australian Dollar Fund and Strong US Dollar Fund
We are excited to have launched two new funds: BetaShares Strong Australian Dollar Fund (hedge fund) (ASX: AUDS) and the BetaShares Strong U.S. Dollar Fund (hedge fund) (ASX: YANK).
AUDS is designed to provide investors with a magnified “long AUD” exposure to the change in the value of the Australian Dollar relative to the US Dollar. AUDS can be used by Australian financial advisors and investors to potentially mitigate, or hedge, currency risk commonly affecting Australian investor returns from international, U.S. Dollar denominated investments. Conversely, YANK provides investors with a magnified “long USD” exposure to the performance of the US Dollar relative to the Australian Dollar.
The launch of the new Funds follows on the back of the success of the BetaShares Currency series, including the BetaShares U.S. Dollar ETF (ASX: USD) which has grown to over $500 million in assets and is amongst the most actively traded exchange traded products on the ASX.