BetaShares is looking to capitalise on the continued strength of the Australian dollar, adding British pounds and Euro currency ETFs to its portfolio of ASX listed products.
The British pounds and Euros, held on deposit by JPMorgan Chase Bank, will be available to retail investors at wholesale rates, according to BetaShares, which also has a US dollar ETF.
"Our analysis shows investors who purchased British Pounds or Euros via a major bank were paying well over 10 times the cost of our ETFs for a $10,000 exposure over six months," said Drew Corbett, head of investment strategy and distribution, BetaShares.
With the Australian dollar continuing to trade strongly against the British Pound and the Euro, the ETFs are primed to capitalise on any reversion.
"Although complexity and cost are barriers to currency exposure for retail investors, we are providing more choices for Australian investors in a simple and cost efficient way," said Corbett.
"Through our range of currency ETFs, Australians can take long or short term views on three of the largest currencies in the world."
The new ETFs will trade under the ASX codes 'POU' and 'EEU'.
Last week BetaShares launched two leveraged trading tools, MINIs, over its resources and financial sector ETFs, giving investors the chance to access short and long term positions.
We invite you to watch our latest video featuring the head of ANZ ETFS, Kris Walesby.
In it he introduces a new ETF, due for launch later in July, which tracks the Euro Stoxx 50 index of major companies ... Watch video
Financial Standard editor Mark Smith presents a roundup of the week's biggest industry news and executive appointments. In this week's news:
QIC and Future Fund back $3bn renewable fund
A strategic partnership ... Watch video
It is often said by equity managers with a mandate to scour the entire globe for investment ideas that getting the geographic allocation right in any given year is the most important driver of returns.
That's ... Watch video
We invite you to watch our latest video featuring Zurich Investments senior investment strategist Patrick Noble.
The question of how to generate a satisfactory return to meet investors' needs is becoming ... Watch video
We invite you to watch our latest video featuring Bell Direct chief executive officer Arnie Selvarajah.
In the video and accompanying article he explains how easily the increasing number of advisers using ... Watch video
Get it Daily
FREE to your inbox, get the Financial Standard Daily Email.