DBVInvesco DB G10 Currency Harvest Fund
DBV Fund Description
DBV tracks an index with long exposure to developed-market currencies with high interest rates and short exposure to those with low rates using forward contracts.
DBV Factset Analytics Insight
DBV offers a classic and straightforward currency carry trade strategy as reflected in its current basket. It seeks to exploit the trend that currencies with high interest rates, on average, tend to rise in value relative to those with low interest rates. To do so, the fund holds futures contracts on certain G10 currencies using both long and short futures position. DBV goes long currencies with higher interest rates and shorts those with low rates. As with any carry trade, the fund has foreign exchange risk in spades. Investors should note that any losses and high correlation to equities reduces the fund’s appeal as an absolute-return strategy. In addition, note that investors will get a K-1 at tax time. The fund and the Index are rebalanced and reconstituted annually in November.
DBV Portfolio Management
DBV Tax Exposures
DBV Fund Structure
DBV Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of DBV. DBV is rated a N/A out of 5.
DBV Asset Allocation