Getting FOXY With Forex: Currency Investing 101

Summary

• Simplify Currency Strategy ETF (launched on February 3, 2025) delivered a first-year NAV total return of over 20%.
• In this write-up, we review the basics of currency investing and show how FOXY has produced its diversifying returns.
• The long and short positions in foreign currencies are roughly matched to avoid reliance on the appreciation or depreciation of the U.S. dollar to help generate returns.