BetaShares EEU ETF (ASX:EEU)
The BetaShares EEU ETF provides investors with exposure to the change in price of the Euro, relative to the Australian dollar.
What does the EEU invest in?
EEU invests in Euro-denominated bank deposit accounts, held by JP Morgan Chase Bank. Any interest earned on the deposits will accrue to the benefit of the ETF. An investor would expect to profit from the EEU ETF, when the AUD/EUR exchange rate goes down (i.e. when the Australian dollar falls in value against the Euro).
What do investors use EEU for?
Investors could use the BetaShares EEU ETF to profit from a view that the Euro will strengthen relative to the Australian dollar, or to hedge against Euro currency risk for those who are exposed to movements in AUD/Euro exchange rates.
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