The investment seeks to profit from a rise in hard currencies relative to the U.S. dollar. Under normal market conditions, the fund invests at least 80% of the value of its net assets (plus borrowings for investment purposes) in "hard currency" denominated investments. It normally invests in a basket of hard currency denominated investments composed of high quality, short-term debt instruments and indirectly, in gold. The fund will specifically seek the currency risk of select countries pursuing what the Adviser believes are sound monetary policies. It is non-diversified.
Fund filings (PDF) »