Guggenheim Adds To CurrencyShares Lineup

April 22, 2013

Guggenheim Partners debuted an ETF in February focused on the Singapore dollar-U.S. dollar currency cross.

The CurrencyShares Singapore Dollar Trust (NYSE Arca: FXSG) comes with an annual fee of 0.40 percent. Like the eight other funds in the CurrencyShares lineup, the fund holds actual notes of the designated currency and is structured as a grantor trust rather a fund registered under the Investment Company Act of 1940.

The company noted in the fund prospectus that the trust can be used for expressing a view on the relative strength of weakness of the Singaporean dollar, to help international businesses hedge out currency risks, or that it could simply be added to a portfolio to add an asset class with relatively low correlation to other asset classes.

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