ETF Asset Class: Currency

ETFs are a type of investment that allows people to trade a basket of assets as a single security. ETFs are traded on stock exchanges and typically track an index, commodity, or basket of assets. Currency ETFs are a type of ETF that track a basket of currencies. Currency ETFs can be used to hedge against currency risk or to speculate on the movement of currency exchange rates. ETFs are usually more liquid than traditional mutual funds and have lower fees. Currency ETFs typically have higher expense ratios than other ETFs because they trade in foreign currencies, which can have higher transaction costs.

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