Invesco CurrencyShares Australian Dollar Trust Overview
Pro stress-test →The Invesco CurrencyShares Australian Dollar Trust (FXA) is a specialized exchange-traded fund (ETF) designed for investors seeking direct exposure to the Australian dollar (AUD) relative to the U.S. dollar (USD). The trust was formed under the laws of the State of New York on June 8, 2006, and commenced trading on June 26, 2006.
Strategic Profile
Pro stress-test →The investment objective of the trust is for shares to reflect the price in USD of the Australian Dollar. The trust is not managed like a business corporation or an active investment vehicle; Australian dollars held by the trust are only sold to pay expenses, upon termination and liquidation, or as required by law.
Competitive Landscape
Pro stress-test →FXA competes in the currency ETF market against other foreign exchange trusts sponsored by Invesco (Euro, British Pound, Japanese Yen) and alternative forex exposure vehicles from other providers. As a passive, low-cost vehicle tracking the WM/Reuters Australian Dollar Closing Spot Rate, FXA targets retail and institutional investors seeking uncomplicated AUD exposure without active management or hedging strategies.
Industry Context
Invesco CurrencyShares Australian Dollar Trust operates in Currency ETFs.
Key facts
Founded: 2006 · Headquarters: Downers Grove, Illinois, US · Employees: N/A · Revenue: N/A · Market cap: $106.61M