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The Invesco CurrencyShares Australian Dollar Trust is a passive investment vehicle that tracks the USD price of the Australian Dollar by holding Australian currency directly. It offers institutional and retail investors a cost-effective way to gain exposure to the Australian Dollar without derivatives. The trust issues shares traded on NYSE Arca, with limited shareholder rights, and relies on authorized participants for creation and redemption of shares.
This description was generated via AI from an annual report. Updated about 1 year ago.