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.
James provides a local perspective and explains to the audience why the mining investment boom is an aberration and it is now a 'return to the old normal'. To view James Bond's slides please click ... Watch video
First, a confession. Mark may have started his career as an economist but he joins this year's panel not as a chief economist but as the head AXA Framlington Asia. This is to the benefit of the audience ... Watch video
Is the European economy dead in the water? Is faith on Abenomics waning? Why should investors be more optimistic about the US economy this year? Chris Probyn, the Boston-based chief economist of State ... Watch video
Bob believes plunging oil prices may extend the stockmarket rally by a year or two and discusses why investors could expect a volatile few months. Overall, he believes we are entering an era of low returns ... Watch video
The anchor man of the panel, Saul provides great insights on the domestic economy. And bravely makes the forecast that the Reserve Bank will not cut interest rates this year and that the next move is up ... Watch video
Get it Daily
FREE to your inbox, get the Financial Standard Daily Email.