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Currencyshares Singapore Dollar Trust
Sure, here's some general information about the public company "Exchange Traded Fund with stock symbol currencyshares-singapore-dollar-trust" listed in a USA stock exchange:
Symbol: FXSG
Exchange: NYSE Arca
Type: Exchange-traded fund (ETF)
The Invesco CurrencyShares® Singapore Dollar Trust seeks to provide investment results before fees and expenses, that corresponds to the price and yield performance of the Singapore dollar relative to the US dollar.
The fund generally will attempt to reflect the price of the Singapore dollar versus the US dollar. The sponsor, Invesco, pays the fund expenses, and there are no redemption commissions.
The manager of the fund, Invesco Specialized Products, LLC, is responsible for adopting and implementing significant investment strategies, including investment in a non-diversified portfolio of Singapore dollar bank deposits and/or Singapore dollar-denominated money market instruments.
This fund is an exchange-traded funds (ETF), which means investors can buy and sell it throughout the day as the market price changes, similar to stocks.
Some notable financial metrics for FXSG include a 30-Day SEC Yield of 4.49%, and the net expense ratio is 0.40%. The inception date for FXSG ETF was December 28, 2006.
CurrencyShares, the ETF's sponsor, has an agreement with the holders of its shares to south the Singapore dollar against the US dollar daily. This agreement does not involve any physical delivery of Singapore dollars or US dollars.
Some risks associated with this ETF include volatility risk, foreign currency risk, leverage risk, credit risk, and counterparty risk. Foreign currencies like the Singapore dollar are more volatile than the US dollar, and their political, social, and economic conditions are more likely to have a significant impact on foreign investment.
The CurrencyShares Singapore Dollar ETF has assets under management of $61.73 million, with net assets of $29.65 million.
Overall, the CurrencyShares Singapore Dollar Trust seeks to provide investment results corresponding to the price and yield performance of the Singapore dollar. It trades on the NYSE Arca and has low trading volumes, which is a measure of trading activity.