The Beauty of Currency ETFs - Don Dion -- Seeking Alpha

Don Dion

Don Dion is the publisher of the Fidelity Independent Adviser (http://www.fidelityadviser.com/) family of newsletters, which provides to a broad range of investors Don’s commentary on the financial markets, with a specific emphasis on mutual funds and exchange-traded funds. With more than... More

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The Beauty of Currency ETFs 0 comments

Oct 13, 2009 08:14 AM | about stocks: CYB, CEW, BZF, ICN, JYF, EU, FXE, FXY
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WisdomTree Dreyfus Chinese Yuan Fund (CYB) uses forward contracts to replicate holding foreign currency in many of their foreign currency ETFs.
Although forward contracts can be confusing at first, these funds are straighter forward than they appear and come much closer to matching their target than commodity ETFs. The Japanese yen and euro ETFs are the exceptions in that they hold short-term yen- and euro-debt.

I recently discussed the…READ MORE

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Themes: Currency, ETF, .Commodities, Yuan, Yen, Euro, Dollar, Personal Finance, Fundamental Analysis Stocks: CYB, CEW, BZF, ICN, JYF, EU, FXE, FXY

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