What does Invesco CurrencyShares® Australian Dollar Trust do?
Invesco CurrencyShares® Australian Dollar Trust (NYSE:FXA) is dedicated to providing investors with exposure to the Australian Dollar (AUD) by tracking the price and yield performance of its underlying asset, the Australian Dollar. This unique financial instrument offers a straightforward way for market participants to gain insights and exposure to the AUD, without the need for direct investment in the foreign exchange markets. Through its operations, the objective is to reflect the price of the Australian Dollar, net of the Trust's expenses. By doing so, it aims to offer investors an effective tool for diversifying their portfolio, hedging against currency risks, or speculating on the performance of the Australian Dollar based on economic conditions and market sentiment.