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About a year after shaking up the ETF world with the launch of the Total Return ETF (BOND),...

About a year after shaking up the ETF world with the launch of the Total Return ETF (BOND), Pimco is set to debut this week the Foreign Currency Strategy fund (FORX). For those interested in benefiting from dollar devaluation, the fund will invest in the currencies and fixed-income paper of non-U.S. countries.
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Comments (1)
  • Cliff Wachtel
    , contributor
    Comments (1837) | Send Message
     
    in principle a good idea, but all depends on the composition of the basket of currencies you're getting. If focus is on healthy currencies that aren't being printed into oblivion, fantastic, especially if get some income.

     

    however, if they have much EUR and JPY exposure, will be the currency investing equivalent of jumping from the frying pan into the fire. For most up to date guide on safer, simpler ways to diversify out of the USD and other at risk currencies for critical currency diversification, see:
    http://bit.ly/SDW84Y

     

    or for full synopsis, reviews, browse, see:

     

    http://amzn.to/x7YOp1

     

    please take a moment (about 120 seconds, actually) and cast your vote for "The Sensible Guide to Forex" in FXstreet.com’s Awards 2013 in BEST NEW BOOK category. The link to the survey is here.

     

    Or just copy/paste the below into your browser

     

    http://svy.mk/WB6ZyV
    11 Feb 2013, 03:22 PM Reply Like
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