Invesco Currencyshares Euro Trust
Business Description
The CurrencyShares® Euro Trust (the “Trust”) is a grantor trust
that was formed on December 5, 2005. The Shares began trading on the New York
Stock Exchange under the ticker symbol “FXE” on December 12, 2005.
The primary listing of the Shares was transferred to NYSE Arca, Inc. (“NYSE
Arca”) on October 30, 2007. The Trust issues shares (the “Shares”)
in blocks of 50,000 (a “Basket”) in exchange for deposits of euro
and distributes euro in connection with the redemption of Baskets.
The investment objective of the Trust is for the Shares to reflect the price in
USD of euro plus accrued interest, if any, less the expenses of the Trust’s
operations. The Shares are intended to offer investors an opportunity to participate
in the market for the euro through an investment in securities. The Shares are
intended to provide institutional and retail investors with a simple, cost-effective
means of gaining investment benefits similar to those of holding the euro. The
Shares are bought and sold on NYSE Arca like any other exchange-listed security.
The Shares are backed by the assets of the Trust, which does not hold or use derivative
products. The Trust is a passive investment vehicle and does not have any officers,
directors or employees. The Trust does not engage in any activities designed to
obtain profit from, or ameliorate losses caused by, changes in the price of the
euro. Investing in the Shares does not insulate the investor from certain risks,
including price volatility. The value of the holdings of the Trust is reported
on the Trust’s website, www.currencyshares.com, each business day.
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