Overview
Description
The Invesco CurrencyShares Swiss Franc Trust is a currency exchange-traded fund designed to provide investors with a cost-effective way to gain exposure to the Swiss Franc, one of the world's most stable and recognized currencies. The primary function of this trust is to allow investors to invest in Swiss Francs without the need to directly access the foreign exchange or currency markets. Each share of the trust is meant to reflect the price of the Swiss Franc against the US dollar.
Notable for its role in diversifying currency exposure, the trust is particularly beneficial for investors looking to hedge against volatility in other currencies or those interested in balancing their currency portfolio. The trust impacts various sectors by influencing currency-sensitive investments and offering a vehicle for those wary of currency fluctuations.
By being tied to the Swiss Franc, this trust plays a significant role in financial markets, especially for those emphasizing safety and stability given Switzerland's robust economic and political environment.
About
Address
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Phone
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Website
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Instrument type
ETF
Country
Mexico
MIC code
XMEX