In the current volatile market, investors need to diversify their investments. One-way Australian investors can increase their exposure away from the commodity / domestic banking / REIT sectors which dominate the ASX, is via TraCRs, recently launched by securities and derivatives exchange Chi- X Australia.
TraCRs, or Transferable Custody Receipts, are securities exclusively quoted on Chi-X, the securities and derivatives exchange. TraCRs give Australian investors access to the benefits of owning US shares in some of the world’s biggest brands.
TraCRs are traded in AUD, with dividends paid in AUD, making them easy to manage within your investment portfolio.
As a TraCR holder you have a beneficial interest in the underlying US share (and the right, subject to the terms of issue, to convert your TraCR holding into that share). You also hold an Australian security which is traded, cleared and settled in Australian dollars (AUD), under Australian regulation, during Australian trading hours.
TraCRs are quoted and traded exclusively on Chi-X’s market.