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BetaShares launches AUD and USD ETFs

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Australian ETF provider BetaShares has launched the BetaShares Strong Australian Dollar Fund (AUDS) and the BetaShares Strong US Dollar Fund (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. The firm writes that AUDS can be used by Australian financial advisors and investors to potentially mitigate, or hedge, currency risk commonly affecting Australian investor returns from international, US 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.

These new funds join the BetaShares Currency series, which includes the BetaShares US dollar ETF which has grown to over USD500 million in assets and is one of the most actively traded exchange traded products on the ASX.

Managing Director of BetaShares, Alex Vynokur, (pictured) says: “Under a Trump presidency, the future direction of the AUD v the USD has been brought to the fore, with many investors interested in expressing their view in a capital-efficient manner or simply wishing to mitigate currency risk in existing portfolios.
“While any form of gearing must be approached by investors with caution and as a component of an investor’s overall portfolio, as it magnifies both gains and losses, we believe that AUDS and YANK will represent useful investment tools for Australian investors who are seeking to profit from, or protect against, volatility in the currency markets.”

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