Invesco DB US Dollar Index Bullish Fund company info

What does Invesco DB US Dollar Index Bullish Fund do?
Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) is an investment fund that aims to track the performance of the U.S. dollar index, offering investors exposure to the U.S. dollar against a basket of six world currencies. This objective is achieved through the use of currency futures contracts. UUP's operations focus on managing these financial instruments to mirror the U.S. dollar's movements as closely as possible, providing a financial tool for investors seeking to hedge or speculate on changes in the U.S. dollar's value. The primary project for UUP is to maintain an investment strategy that accurately reflects the dollar's performance, with the objective of offering a profitable investment vehicle for those looking to benefit from or protect against fluctuations in the U.S. dollar.
Invesco DB US Dollar Index Bullish Fund company media
Company Snapshot

Is Invesco DB US Dollar Index Bullish Fund a public or private company?

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Ownership
Public

How many people does Invesco DB US Dollar Index Bullish Fund employ?

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Employees
5,024

What sector is Invesco DB US Dollar Index Bullish Fund in?

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Sector
ETF

Where is the head office for Invesco DB US Dollar Index Bullish Fund?

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Head Office
Atlanta, United States

What year was Invesco DB US Dollar Index Bullish Fund founded?

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Year Founded
2007
What does Invesco DB US Dollar Index Bullish Fund specialise in?
/Currency ETF /Investment Management /Risk Management /Investment Strategies /Dollar Performance /Asset Allocation

What are the products and/or services of Invesco DB US Dollar Index Bullish Fund?

Overview of Invesco DB US Dollar Index Bullish Fund offerings
Tracks Dollar Strength: UUP seeks to track the changes, whether positive or negative, in the level of the Deutsche Bank Long USD Currency Portfolio Index - Excess Return (DB Long USD Currency Portfolio Index ER or Index). This index reflects the performance of the U.S. dollar against a basket of six major world currencies: Euro (EUR), Japanese Yen (JPY), British Pound (GBP), Canadian Dollar (CAD), Swedish Krona (SEK), Swiss Franc (CHF).
Long Dollar Exposure: UUP primarily uses long USDX® futures contracts to achieve its objective. These futures contracts essentially represent a bet on the U.S. dollar appreciating relative to the basket of foreign currencies.
Potential Gains from Dollar Appreciation: If the U.S. dollar strengthens compared to the basket of currencies, the value of UUP is likely to increase as well. This can be due to various factors like economic strength, interest rate differentials, or safe-haven flows into the U.S. dollar.
Potential for Hedging: UUP can be used as a hedge against a weakening U.S. dollar in a portfolio with foreign currency exposure. If the dollar strengthens, UUP's gains can potentially offset losses in foreign currency holdings.
Interest Income: UUP may hold some U.S. Treasury securities and money market instruments to generate additional income. This income may be partially offset by the fund's expenses.
Passive Management: UUP likely tracks the underlying index passively. The holdings are automatically adjusted to reflect the index composition, potentially resulting in lower fees compared to actively managed currency funds.