The Australian Dollar (AUD) is the 5th most traded currency in the world. The AUD is positively correlated with commodity prices, especially copper and iron ore. Then it is no surprise that it has been taking a beating recently on the back of slow down in growth in China. Metal and Miner ETF allows investors direct commodity or operating mining companies.
Guggenheim CurrencyShares Australian Dollar Trust (FXA) is an currency ETF aimed to track the performance of the Australian Dollar (Like Japanese Yen ETF). Investors will earn the AUD risk free rate. FXA has a management expense of 0.4% per annum.
Australian Dollar ETF Performance
Inverse and Leveraged Australian Dollar ETF
Investors with a higher risk tolerance that are looking to take a short position on the Australian dollar can use the 2 ETFs below. There are no leveraged Australian dollar ETF.
|CROC||UltraShort Australian Dollar||Inverse Australian Dollar ETF|