BetaShares POU ETF (ASX:POU)
The BetaShares POU ETF provides investors with exposure to the performance of the British pound relative to the Australian dollar.
What does the POU invest in?
POU invests in British pound-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 POU ETF when the AUD/GBP exchange rate goes down (i.e., when the Australian dollar falls in value against the British pound).
What do investors use POU for?
Investors could use the BetaShares POU ETF to profit from a view that the British pound will strengthen relative to the Australian dollar, or to hedge against British pound currency risk for those who are exposed to movements in AUD/GBP exchange rates.
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