BetaPro Management has launched a new U.S. dollar currency exchange-traded fund (ETF). The Horizons U.S. Dollar Currency ETFoffers direct access to investors to invest in foreign currency.
The portfolio seeks to reflect the price in Canadian dollars of the U.S. dollar by investing majorly in cash and cash equivalents that are denominated in the U.S. dollar. The U.S. Dollar ETF will commence trading on the Toronto Stock Exchange.
Click here for the release from Canada Newswire (AM)