MSR Australian Dollar – Exposure, Dollar Weighted Index
The MSR Australian Dollar, Dollar-Weighted Exposure Index shows the total return of being long one Australian Dollar Currency futures contract (the “current” contract, which is the most liquid) denominated in US Dollars through time. This is “dollar weighted” because an investor can simply divide the number of dollars they want to invest by the current dollar value of the Australian Dollar contract and own that number of contracts for perpetuity. The “cash equivalent” version of this index will closely track the US dollar based total return of investing in the Australian Dollar in the spot (cash) foreign exchange markets.