BetaPro Management has unveiled a U.S. dollar denominated Class A unit of the Horizons U.S. Dollar Currency ETF. The units will be listed on the Toronto Stock Exchange and be priced and transacted in the U.S. dollar. The U.S. Dollar ETF aims to reflect the value of the currency, reflected in Canadian dollars, by investing in cash and cash equivalents. The Canadian dollar denominated Class A unit of the ETF started trading on the exchange on April 7, 2011.
Click here for the release from Canada Newswire.