Behind the Ticker: FOXY Offers a Smarter, Simplified Way to Own Currencies

An episode of ETF.com's Behind the Ticker podcast in which Chris Getter, CFA, managing director and portfolio manager at Simplify, discusses FOXY, the Simplify Currency Strategy ETF. He explains currency carry in plain terms, describes how the fund is built to guard against the sudden losses that have historically hit carry strategies, and explains why it stays dollar neutral rather than taking directional currency bets. The conversation also covers the fund's first year, including how it traded through the tariff shock, and where it fits in an alternatives allocation alongside managed futures and private credit.

1. Currencies are described as the largest and most liquid market, yet most investors own them only incidentally.
2. The manager explains carry trades in plain English and how FOXY is designed to avoid the blowups that have historically affected the strategy.
3. The fund is presented as dollar neutral rather than making directional currency bets.
4. The discussion covers FOXY's first year, including how it navigated the tariff shock, and its role in an alternatives sleeve.