Invesco CurrencyShares Chinese Renminbi Trust (FXCH)
Invesco CurrencyShares Chinese Renminbi Trust operates in the Asset Management - Global industry of the Financial Services sector. The stock last traded at $69.69, down 0.08% on the session, giving a market capitalisation of $3.5M. Its beta of -6.46 implies it has historically moved less than the broad market.
This investment vehicle aims to precisely track the value of the Chinese Renminbi relative to the U.S. dollar. It provides both individual and institutional investors with a straightforward and economical way to gain exposure to China's currency, similar to directly owning the Renminbi. The fees for buying these shares are designed to be equivalent to, or no higher than, those for acquiring any other publicly traded stock.
Invesco CurrencyShares Chinese Renminbi Trust is most often compared with the following Financial Services names: