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BZF: the Fund intends to achieve exposure to Brazilian currency markets by
May 19 12:22 pm
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All Comments by R. Richard Schweitzer »ETF Watch: New Listings (May 7-14) [View article]
investing primarily in short term U.S. money market securities and forward currency
contracts and swaps. The combination of U.S. money market securities with forward
currency contracts and currency swaps is designed to create a position economically
similar to a money market security denominated in Brazilian Real. A forward currency
contract is an agreement to buy or sell a specific currency at a future date at a price set at
the time of the contract. A currency swap is an agreement between two parties to
exchange one currency for another at a future rate.
One is not "buying the Reai."