FLYLOW, Philman and CTA: Thanks for your comments.
Yeah, CTA, we also noticed the low correlation of CYT with the Yuan. Bummer!
By the way, Barclays just launched another bundled currency ETN- (Barclays GEMS Asia 8 ETN. Symbol on NYSE Arca- AYT). This ETN bundles eight Asian currencies making it a bit too region specific for my tastes. I find JEM a much better world-wide diversified play with a significantly higher yield.
Murray Coleman of IndexUniverse wrote an excellent post about AYT last week which is an excellent overview worth reading if you are following or utilizing currency ETFs/ETNs: (www.indexuniverse.com/...)
Do Foreign Currency ETFs Have a Place in Your Portfolio? [View article]
Thanks again Ray...Great Primer on currency investing! Bobco23: You might also consider BSR and GCE for diversifing your portfolio (see our article on JEM, BSR and GCE at aboutetfs.com/featured.../ Good luck!
The Complete List of Currency ETFs [View article]
Yeah, CTA, we also noticed the low correlation of CYT with the Yuan. Bummer!
By the way, Barclays just launched another bundled currency ETN-
(Barclays GEMS Asia 8 ETN. Symbol on NYSE Arca- AYT). This ETN bundles eight Asian currencies making it a bit too region specific for my tastes. I find JEM a much better world-wide diversified play with a significantly higher yield.
Murray Coleman of IndexUniverse wrote an excellent post about AYT last week which is an excellent overview worth reading if you are following or utilizing currency ETFs/ETNs: (www.indexuniverse.com/...)
Do Foreign Currency ETFs Have a Place in Your Portfolio? [View article]
You might also consider BSR and GCE for diversifing your portfolio (see our article on JEM, BSR and GCE at aboutetfs.com/featured.../ Good luck!