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Upturn AI SWOT - About
Invesco CurrencyShares® Euro Currency Trust (FXE)
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Upturn Advisory Summary
04/01/2025: FXE (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type ETF | Historic Profit 3.11% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | ETF Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Volume (30-day avg) 103405 | Beta 10.61 | 52 Weeks Range 93.86 - 102.67 | Updated Date 04/2/2025 |
52 Weeks Range 93.86 - 102.67 | Updated Date 04/2/2025 |
Upturn AI SWOT
Invesco CurrencyShares® Euro Currency Trust
ETF Overview
Overview
The Invesco CurrencySharesu00ae Euro Currency Trust (FXE) is designed to track the price of the euro. It offers investors a way to gain exposure to the euro currency without needing to open a foreign bank account or deal with currency derivatives. The trust holds euro deposits.
Reputation and Reliability
Invesco is a well-established global investment management firm with a long history in the ETF market.
Management Expertise
Invesco has a team of experienced professionals managing a wide range of investment products.
Investment Objective
Goal
To reflect the price of the euro.
Investment Approach and Strategy
Strategy: The ETF holds physical euros in a deposit account and aims to reflect the performance of the euro versus the US dollar.
Composition The primary asset held by the ETF is euros.
Market Position
Market Share: FXE has a significant market share within the currency ETF segment.
Total Net Assets (AUM): 212000000
Competitors
Key Competitors
- EUO
- FXUP
Competitive Landscape
The currency ETF market is relatively concentrated. FXE benefits from being one of the earliest and most liquid euro-tracking ETFs. A disadvantage is that it only tracks the euro and therefore, lacks diversification compared to multi-currency ETFs.
Financial Performance
Historical Performance: Performance data unavailable without current market data API integration.
Benchmark Comparison: Performance data unavailable without current market data API integration.
Expense Ratio: 0.004
Liquidity
Average Trading Volume
FXE generally has adequate trading volume, facilitating easy entry and exit for investors.
Bid-Ask Spread
The bid-ask spread is typically tight, reflecting the ETF's liquidity.
Market Dynamics
Market Environment Factors
Economic indicators in the Eurozone, interest rate differentials between the US and Eurozone, and global risk sentiment influence FXE's performance.
Growth Trajectory
The growth depends on the relative strength of the Eurozone economy and the demand for euro exposure.
Moat and Competitive Advantages
Competitive Edge
FXE benefits from its first-mover advantage and high liquidity, making it attractive for investors seeking direct euro exposure. Its simplicity is advantageous, as it provides a straightforward investment in the euro. However, it's exposed solely to one currency, which could be considered a disadvantage. Other euro ETFs may track various euro-denominated bonds, diversifying risk and return, but FXE focuses directly on the currency.
Risk Analysis
Volatility
FXE's volatility is directly related to the volatility of the euro currency.
Market Risk
FXE is exposed to currency risk, which includes exchange rate fluctuations and political/economic instability in the Eurozone.
Investor Profile
Ideal Investor Profile
Investors seeking direct exposure to the euro currency for hedging purposes, diversification, or speculation.
Market Risk
Suitable for active traders seeking short-term currency exposure and long-term investors seeking to diversify their portfolio with international currencies.
Summary
The Invesco CurrencySharesu00ae Euro Currency Trust (FXE) provides investors with a straightforward way to gain exposure to the euro currency. It holds euro deposits and its performance closely tracks the euro's value against the US dollar. While it offers simplicity and liquidity, it also carries currency risk associated with the Eurozone economy. This makes it suitable for both active traders and long-term investors, depending on their investment goals and risk tolerance. Its strength lies in its simplicity and direct exposure to the Euro.
Similar Companies
- EUO
- FXUP
- ULE
- DRR
- YCS
Sources and Disclaimers
Data Sources:
- Invesco.com
- ETF.com
- Seeking Alpha
Disclaimers:
This analysis is for informational purposes only and should not be considered investment advice. Market conditions can change rapidly, affecting the accuracy of the data and analysis. Consult with a qualified financial advisor before making any investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Invesco CurrencyShares® Euro Currency Trust
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website | ||
The investment seeks to reflect the price in USD of the Euro. The Shares are intended to provide institutional and retail investors with a simple, cost-effective means of gaining investment benefits similar to those of holding euro.
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