BetaShares Strong Australian Dollar Fund

BetaShares has announced the launch of two new funds, including the BetaShares Strong Australian Dollar Fund (hedge fund) (the Fund). The Fund (ASX: AUDS) aims to provide investors with a simple way to obtain cost-effective geared exposure to the change in value of the Australian Dollar relative to the U.S. Dollar.

The other fund is the BetaShares Strong U.S. Dollar Fund (hedge fund) (ASX: YANK).

Commenting on the launch of both funds, BetaShares' managing director, Alex Vynokur, said: Under a Trump presidency, the future direction of the AUD v. the USD has been brought to the fore, with many investors interested in expressing their view in a capital-efficient manner or simply wishing to mitigate currency risk in existing portfolios."

He added: "While any form of gearing must be approached by investors with caution and as a component of an investor's overall portfolio, as it magnifies both gains and losses, we believe that AUDS and YANK will represent useful investment tools for Australian investors who are seeking to profit from, or protect against, volatility in the currency markets."