FMP
Invesco CurrencyShares Euro Currency Trust
FXE
AMEX
FXE allows investors to access the euro with holdings of physical euros in a deposit account. This simple structure allows the fund to closely track the euro/US dollar spot exchange rate. Still, it is worth noting that: 1) distributions and share sales of FXE are always taxed as ordinary income, so increase in holding cost should be expected, and 2) the fund's physical deposits of euros are uninsured, so it carries the default risk of its depository, JPMorgan. Additionally, another thing to note on FXE is that it doesn't deliver the overnight lending rate like its benchmark does.
98.88 USD
-0.01 (-0.01011%)
About
ceo
Anna Paglia
sector
Financial Services
industry
Asset Management
website
http://www.currencyshares.com
exchange
AMEX
Description
FXE allows investors to access the euro with holdings of physical euros in a deposit account. This simple structure allows the fund to closely track the euro/US dollar spot exchange rate. Still, it is worth noting that: 1) distributions and share sales of FXE are always taxed as ordinary income, so increase in holding cost should be expected, and 2) the fund's physical deposits of euros are uninsured, so it carries the default risk of its depository, JPMorgan. Additionally, another thing to note on FXE is that it doesn't deliver the overnight lending rate like its benchmark does.
CIK
0001328598
ISIN
US46138K1034
CUSIP
46138K103
Address
N/A
Phone
NA
Country
US
Employee
N/A
IPO Date
Dec 12, 2005
Key Executives
