ETF Quote Details
|NAV (month end)||95.46|
|Premium (+)/Discount (-) (month end)||+0.06|
Zacks Premium Research for FXY
|Zacks ETF Rank [?]||Sell 4|
|ETF Risk [?]||NA|
|ETF Research Report|
Zacks proprietary quantitative models divide each set of ETFs following a similar investment strategy (style box/industry/asset class) into three risk categories- High, Medium, and Low. The aim of our models is to select the best ETFs within each risk category, so that investors can pick an ETF that matches their particular risk preference in order to better achieve their investment goals.
This is our ETF rating system that serves as a timeliness indicator for ETFs over the next 6 months:
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ETF Expense Ratio
|Dividend (Yield)||$0.00 (0.00%)|
The Japanese yen is the national currency of Japan & the currency of the accounts of the Bank of Japan.Japanese yen in the foreign exchange market is the third-most-traded currency in the world, accounting for approximately 19% of global foreign exchange transactions. The USD/- Japanese yen pair is the second-most-traded currency pair, accounting for approximately 14% of the GFET.
This Trust issues Japanese Yen Shares that represent units of fractional undivided beneficial interest in, and ownership of, the Trust. The investment objective of the Trust is for the Shares to reflect the price in USD of the Japanese Yen. The Shares are intended to provide investors with a simple, cost-effective means of gaining investment benefits similar to those of holding Japanese Yen.