Guggenheim Investments launches CurrencyShares Singapore Dollar Trust ETP
Guggenheim Investments, the investment management division of Guggenheim Partners, has launched the first Singapore Dollar exchanged-traded product, CurrencyShares Singapore Dollar Trust.
CurrencyShares Singapore Dollar Trust seeks to provide institutional and retail investors a cost-effective way to gain exposure to the Singapore dollar.
The CurrencyShares structure provides pure exposure to the Singapore Dollar by holding actual foreign currency deposits, not derivative instruments. In addition to pure exposure, CurrencyShares' investing advantages include transparency, potential tax efficiency, trading flexibility, accessibility and liquidity.
"We're pleased to continue to expand our CurrencyShares line-up, and believe that the short-term tactical and long-term strategic opportunities in Singapore make it attractive," says William Belden, managing director and head of product development at Guggenheim Investments. "CurrencyShares Singapore Dollar Trust provides investors an opportunity to potentially capitalise from the Singapore economy and positive movement in the Singapore dollar."
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