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Invesco Currencyshares Singapore Dollar Trust
Invesco CurrencyShares Singapore Dollar Trust is an exchange-traded fund (ETF) that seeks to track the performance of the Singapore dollar relative to the US dollar. The fund is designed for investors who want to gain exposure to the Singapore dollar without physically owning the currency.
Through the use of currency forward contracts, the fund aims to reflect the price movements of the Singapore dollar by holding a basket of Singapore dollars and US dollars. It provides investors with a convenient and transparent way to participate in the performance of the Singapore dollar.
The Trust offers investors a liquid and cost-effective way to invest in the currency market, providing diversification and potential hedging opportunities. It is traded on stock exchanges and can be bought and sold throughout the trading day, just like a stock. The fund's objective is to provide returns that generally correspond to the price and yield performance of the Singapore dollar.
Invesco CurrencyShares Singapore Dollar Trust may be suitable for investors who have a bullish outlook on the Singapore dollar or prefer exposure to Singapore's currency for various investment strategies. However, as with any investment, there are risks involved, including the potential for losses due to changes in exchange rates and currency fluctuations.
Company Address: 3500 Lacey Road Downers Grove 60515 IL
Company Phone Number: 983-0903 Stock Exchange / Ticker: NYSEArca FXSG
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