BetaShares USD ETF (ASX:USD)
The BetaShares USD ETF provides investors with exposure to the performance of the US dollar, relative to the Australian dollar.
What does the USD invest in?
USD invests in US dollar-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 USD ETF when the AUD/USD exchange rate goes down (i.e., when the Australian dollar falls in value against the US dollar).
What do investors use USD for?
Investors could use the BetaShares USD ETF to profit from a view that the US dollar will strengthen relative to the Australian dollar, or to hedge against US dollar currency risk for those who primarily invest in ASX shares that earn revenue in Australian dollars.
USD dividend information
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