YANK - Betashares Strong U.S. Dollar Fund (Hedge Fund) ETF

[frugal.rock]

Strong U.S. Dollar Fund (hedge fund)

Strong US Dollar Fund - simple, low-cost access to the USD. Trade USD ETFs with Betashares. Diversify your Portfolio · Transparent Fees. Learn more today.

www.betashares.com.au

Fund objective​

YANK aims to provide geared exposure to changes in the value of the U.S. dollar against the Australian dollar.

Fund strategy​

YANK generally expects to generate a positive return of between 2% and 2.75% for a 1% rise in the value of the U.S. dollar against the Australian dollar on a given day (and a corresponding negative return when the U.S. dollar falls in value on a given day).

 

[finicky]

Lol, first South Africa, now India.
Because of Donald.

Dec 10, 2024,
Source: Kitco News
(Kitco News) – India has added itself to the list of core BRICS nations that have categorically ruled out participation in any process to create a reserve currency for the bloc to challenge the U.S. dollar following threats from President-elect Donald Trump to impose 100% tariffs on any country that pursues de-dollarization.

“The idea that the BRICS Countries are trying to move away from the dollar while we stand by and watch is OVER,” Trump said in an X post on Nov. 30. “We require a commitment from these Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% Tariffs, and should expect to say goodbye to selling into the wonderful U.S. Economy.”