This ETF has a very simple concept.
Buys the three highest-yielding currencies in the G-10, while shorting the three lowest-yielding currencies. In other words, it bets on the winners and bets against the losers.
This ETF is now buying the Norwegian krone, Aussie dollar, New Zealand dollar, and selling the dollar, Swiss franc, and Japanese yen.
You’re also getting built-in diversification with six currencies. So you will have less volatility.