Simplify Currency Strategy ETF

FOXY

Market cap $20.1M

Currency investing is a well-established corner of institutional investing that has the potential to provide stable returns while simultaneously diversifying traditional equities and fixed income. Foreign Exchange (FX) investing relies on different approaches to earn return from the appreciation of one currency versus another, and can be classified into two broad categories: fundamental and systematic. Fundamental investing in foreign exchange requires an outlook and value assessment, and perhaps most importantly, a lot of patience.

Today, Simplify Asset Management unveiled its latest fund, the Simplify Currency Strategy ETF (FOXY).  FOXY uses a foreign currency strategy to provide capital gains for its investors.

NEW YORK--(BUSINESS WIRE)--Simplify launches actively managed FOXY ETF; applies a “carry” strategy to Emerging Market currencies and a mean reversion strategy to G10 currencies.