Finance, Forex and Investments

How can I invest in a mutual fund or ETF and have my funds held in a foreign currency?

I want to find a mutual fund or ETF that invests solely in stocks/bonds in Europe, Australia and Asia. That is easy enough and I have found many funds that do this. The problem is I want my funds held in foreign currencies as well - not the US dollar.

Public Comments

1. Most of your funds will be held in the foreign currency, because the fund will have to do a conversion before making an investment. Uninvested cash might be held in USD, but that's only a minimal amount of cash.
2. ETFs such as FEZ and DWX are 100% invested in foreign stocks and don't have any cash in the fund. Since they are ETFs and are traded, there never is any redemptions (unlike mutual funds) so there is never any cash in the fund. Therefore ETFs such as the above are always 100% tracking foreign currencies (even if they hold some ADRs).
3. There are brokers in Europe too.