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iPath Optimized Currency Carry ETN (ICI)

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  • Apr. 26, 2013, 7:50 PM
    BlackRock announced it will liquidate the iShares Diversified Alternatives Trust (ALT) next month. "Based on the review and client feedback, it appears this product has a limited role in today’s investment portfolios, and we have seen little long-term demand," said Patrick Dunne, head of Global Markets and Investments for BlackRock. This will be the first closure for an iShares ETF since 2002.
    | Apr. 26, 2013, 7:50 PM | 2 Comments
  • Feb. 13, 2013, 10:46 AM
    Guggenheim's CurrencyShares Singapore Dollar Trust (FXSG) is the 1st ETF tracking the Singapore dollar. The ETF holds foreign currency deposits rather than derivatives, rising when the U.S. dollar weakens relative to the Singapore dollar. FXSG comes with an expense ratio of 0.40% - standard for CurrencyShares ETFs, but cheaper than other currency ETFs UUP (0.50%), CEW (0.55%), INR (0.55%), BZF (0.45%), CNY (0.55%), ERO (0.40%) and ICI (0.65%). (pdf)
    | Feb. 13, 2013, 10:46 AM | Comment!
  • Feb. 12, 2013, 7:07 PM
    Pimco has rolled out its Foreign Currency Strategy ETF FORX, which is a portfolio of currencies and local currency bonds actively managed to help investors diversify out of the dollar and preserve their purchasing power. Competitors: UDN, UDNT, ICI, CEW
    | Feb. 12, 2013, 7:07 PM | Comment!
  • Jul. 13, 2011, 6:27 PM
    Investors should look to South America for the next big payoff on carry trades, says Siobhan Morden at RBS Securities. She bucks conventional wisdom by suggesting trades that short Brazil, and go long underrated countries like Chile, Peru, Columbia and Uruguay.
    | Jul. 13, 2011, 6:27 PM | 2 Comments
  • Jan. 10, 2011, 1:18 PM
    Top forex forecasters are coming together on one point: 2011 will be the dollar's year, as QE2 nets out more positive for the economy than it is devaluing to the currency. Wells Fargo's head strategist expects the greenback to gain 5% against the euro and 11% vs. yen.
    | Jan. 10, 2011, 1:18 PM | 6 Comments
  • Oct. 3, 2010, 10:26 AM
    Restoring Sino-Japanese trust "at a practical level" will be complex, Japan's No.2 minister says. "I am not pessimistic, but neither am I optimistic." Recent disputes have furthered concerns about the risks contingent on China's growing economic clout, specifically, "to what extent does China share the common rules and values of international society?"
    | Oct. 3, 2010, 10:26 AM | 4 Comments
  • Oct. 1, 2010, 7:44 AM
    Japan's fiscal situation is unsustainable given its huge public debt, and Tokyo remains committed to curb a rise in the yen, PM Naoto Kan said this morning in a speech opening the first parliament session. Kan also hinted at further easing during the BOJ's policy meeting next week. Earlier today, Japan said core consumer prices fell for the 18th straight month in August.
    | Oct. 1, 2010, 7:44 AM | 2 Comments
  • Sep. 28, 2010, 6:15 PM
    Outspoken iconoclast Hugh Hendry takes a massive $2B bet that Asia will hit the skids. "At these immense levels of yen strength, Japan is bankrupt," he says. "And because it's deemed to be impossible, the trade is actually asymmetric. By golly if I am right, I can make a lot of money."
    | Sep. 28, 2010, 6:15 PM | 14 Comments
  • Sep. 27, 2010, 8:19 AM
    Japan export growth slowed for the sixth straight month in August, underscoring Japan's recent moves to weaken the yen, and prompting speculation that the BOJ will ease already ultra-loose monetary policy next week. Exports rose 15.8% Y/Y, short of the 19% gain economists expected, and well below 2010's peak of 45.3% in February.
    | Sep. 27, 2010, 8:19 AM | Comment!
  • Sep. 25, 2010, 3:31 PM
    The China/Japan row over the detained trawler captain isn't over yet. After Mr. Zhan's release this morning, tensions flared after China demanded an apology and Japan balked, calling its actions "appropriate and calm." The incident has already affected business ties between the nations' intertwined economies.
    | Sep. 25, 2010, 3:31 PM | 3 Comments
  • Sep. 24, 2010, 7:42 AM
    Japan will release a Chinese sea captain who has been in custody since a collision in contested waters triggered a flare up in the countries' relationship - amid signs that the dispute has been spreading to bilateral business relations. Experts say Japan and other U.S. allies are taking a harder line on territorial issues as a part of a U.S.-backed strategy to stand up to an increasingly powerful China.
    | Sep. 24, 2010, 7:42 AM | Comment!
  • Sep. 22, 2010, 2:44 PM
    President Obama receives just 30% approval in Bloomberg's Global poll, roughly in-line with equally uninspiring French counterpart Sarkozy and Japan's Kan. Chinese President Hu Jintao's economic policies were viewed favorably by 58%, while Germany's Markel garned a sky-high 70% favorability rating among investors.
    | Sep. 22, 2010, 2:44 PM | 6 Comments
  • Sep. 22, 2010, 8:50 AM
    Japan fires back at Beijing, saying it will "respond appropriately" after verifying China's activities with regard to a disputed gas field in the East China Sea. (earlier)
    | Sep. 22, 2010, 8:50 AM | 3 Comments
  • Sep. 22, 2010, 8:16 AM
    China Premier Wen Jiabao threatens more retaliatory action unless Japan "immediately and unconditionally" releases the trawler captain accused of deliberately colliding with a Japanese coastguard ship near disputed islands in the East China Sea. The dispute is being closely watched by other Asian countries and the U.S., who have growing concerns about China's expanding naval power.
    | Sep. 22, 2010, 8:16 AM | 3 Comments
  • Jul. 30, 2010, 8:22 AM
    China overtakes Japan to become the world's second-largest economy, the fruit of three decades of rapid growth. Depending on how fast the yuan is allowed to rise, China could overtake the U.S. and vault into the No.1 spot by 2025.
    | Jul. 30, 2010, 8:22 AM | 1 Comment
  • Jun. 29, 2010, 4:40 AM
    Meanwhile, in Japan, industrial output fell by 0.1% after rising 1.3% in April (consensus: -0.1%); the jobless rate worsened to 5.2% from 5.1% (consensus: 5%); and household spending declined 0.7% (consensus: +0.5%). (via)
    | Jun. 29, 2010, 4:40 AM | Comment!
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ICI Description
The Barclays Capital Intelligent Carry Index™ adopts an innovative strategy to enable investors to capture returns from foreign currency markets. The index is designed to reflect the total return of an "Intelligent Carry Strategy," which, through an objective and systematic methodology, seeks to capture the returns that are potentially available from a strategy of investing in high-yielding currencies with the exposure financed by borrowings in low-yielding currencies sometimes referred to as the "carry trade." The pool of currencies to which the index may apply these strategies is commonly referred to as the "G10 currencies" and includes the U.S. dollar, the euro, the Japanese yen, the Canadian dollar, the Swiss franc, the British pound sterling, the Australian dollar, the New Zealand dollar, the Norwegian krone and the Swedish krona.
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