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Consider the CurrencyShares British Pound Sterling Trust (FXB)

As part of the series of currency exchange-traded funds (ETFs) offered by Invesco PowerShares, the CurrencyShares British Pound Sterling Trust (FXB) is designed to track the price of the British pound sterling, the official currency of the United ingdom.

Incorporated in the United States, FXB holds British pounds in a deposit account. Investors also should do their due diligence regarding the fund’s tax efficiency, since any distributions or capital gains are taxed at ordinary income rates, without regard to the holding period.

With $4.76 million in daily trading volume and a tight average 60-day trading spread of just 0.02%, analysts rate FXB highly in terms of trading liquidity. Thus, both large and small investors should be able to trade the fund easily.

Click here to read the rest of the article, “Consider the CurrencyShares British Pound Sterling Trust (FXB).

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Investment expert Jim Woods shares the details on this British Pound Sterling Trust fund.

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Consider the CurrencyShares British Pound Sterling Trust (FXB)

Investment expert Jim Woods shares the details on this British Pound Sterling Trust fund.

As part of the series of currency exchange-traded funds (ETFs) offered by Invesco PowerShares, the CurrencyShares British Pound Sterling Trust (FXB) is designed to track the price of the British pound sterling, the official currency of the United ingdom.

Incorporated in the United States, FXB holds British pounds in a deposit account. Investors also should do their due diligence regarding the fund??s tax efficiency, since any distributions or capital gains are taxed at ordinary income rates, without regard to the holding period.

With $4.76 million in daily trading volume and a tight average 60-day trading spread of just 0.02%, analysts rate FXB highly in terms of trading liquidity. Thus, both large and small investors should be able to trade the fund easily.

Click here to read the rest of the article, “Consider the CurrencyShares British Pound Sterling Trust (FXB).

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Written By

Jim Woods is a freelance financial journalist specializing in the markets and the economy. He champions the cause of liberty from a secured location deep inside the Golden State.

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