Launch of Australia’s first currency ETF
YDNEY, 1 February 2011: BetaShares Capital Limited (BetaShares) today launched Australia’s first currency ETF on the Australian Securities Exchange (ASX).
Trading under the ASX Code ‘USD’, BetaShares U.S. Dollar ETF tracks the performance of the U.S. dollar (US$) relative to the Australian dollar (A$).
The new ETF employs a simple, transparent and highly cost-effective structure, with the assets of the fund consisting of US dollars held in a bank account with JP Morgan Chase Bank.
See Press Release and Product Factsheet for more information