BlackRock-owned exchange-traded fund provider iShares is planning to launch a range of active currency ETFs, according to paperwork filed with the Securities and Exchange Commission.

The filing relates to 14 single currency strategies designed to replicate the results of holding a foreign currency in a bank account.

To do so, each of the proposed new ETFs will invest in: “short-term securities denominated in US dollars and spot foreign exchange currency contracts (generally required to be settled within two business days) to purchase the foreign currency identified in the fund’s name (the “FX Base Currency”) against delivery of the US dollar. The strategy of combining investments in short-term fixed income securities and spot foreign exchange currency contracts is designed to provide financial exposure substantially similar to a purchase of the fund’s FX Base Currency.”

The short-term securities held by the fund generally will consist of high quality debt obligations and may include, but are not limited to, obligations issued by the US government and its agencies and instrumentalities, municipal variable rate demand notes, corporate and commercial debt instruments, and bank notes, and similar demand deposits.

The 14 proposed ETFs are:

iShares Australian Dollar Cash Rate Fund
iShares Singapore Dollar Cash Rate Fund
iShares Swedish Krona Cash Rate Fund
iShares Swiss Franc Cash Rate Fund
iShares Thai Offshore Baht Cash Rate Fund
iShares Turkish Lira Cash Rate Fund
iShares British Pound Cash Rate Fund
iShares Canadian Dollar Cash Rate Fund
iShares Chinese Offshore Renminbi Cash Rate Fund
iShares Euro Cash Rate Fund
iShares Japanese Yen Cash Rate Fund
iShares Mexican Peso Cash Rate Fund
iShares New Zealand Dollar Cash Rate Fund
iShares Norwegian Krone Cash Rate Fund