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WisdomTree Dreyfus South African Rand ETF (SZR)

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SZR is defunct since December 3, 2012. Lack of investor interest
  • Jun. 5, 2013, 1:40 PM
    "The market is in panic mode into nonfarm payrolls," says SocGen's Guillaume Salomon of emerging market currencies (CEW). The South African rand (SZR) continues to lead the way down, off 2% vs. the greenback, but also off today is the previously stalwart Mexican Peso, -1%. "The thing to remember is the exit door - whatever emerging market you're talking about - is always relatively narrow."
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  • May. 8, 2013, 2:52 PM
    The recent selloff in commodities (DBC) is not a correction, says Stan Druckenmiller, now on stage at Ira Sohn, but instead the end of the supercycle. Avoid commodity markets - Brazil (EWZ, BRF, BRL), South Africa (EZA, SZR), Canada (EWC, FXC). "Frankly, I'd short the aussie (FXA)." His largest equity holding? "I can't imagine a better position than Google (GOOG)" - selling for 16x earnings and no exposure to China.
    | 4 Comments
  • Jan. 1, 2013, 1:00 PM
    Currency ETFs were largely flat in 2012, with the krona (FXS) and rupee (ICN) leading gainers, and the rand (SZR) and yen (FXY) the biggest losers.
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  • Oct. 22, 2012, 12:12 PM
    Not much of a surprise, says Sterne Agee of the massive insider sale registration at WisdomTree. RRE had been invested in WETF for more than 7 years, an aging investment for a VC fund. For Steinhardt, his stake represented (and still does) a sizable portion of his wealth. In other news, WisdomTree will shutter three ETFs unable to garner much in the way of assets.
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  • Oct. 12, 2012, 12:38 PM
    South Africa's credit rating is cut to BBB from BBB+ at S&P, with the outlook remaining negative. The country's mining strikes are likely to have the ANC taking on "more populist elements" heading into 2014 elections, resulting in "amplified spending pressures and reduce(d) fiscal flexibility."
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  • Oct. 8, 2012, 1:32 PM
    Spreading labor unrest in South Africa is taking a toll on the country's government paper and the currency, with the prices of both slumping to multi-year lows. "We think it more likely than not that the rand will at least test the 9/dollar mark," says a local currency strategist. SZR -13.1% Y/Y.
    | 2 Comments
  • Mar. 29, 2012, 12:05 PM
    With risk poking its head out again, emerging market currencies slide, led today by South Africa's rand (SZR) and the Hungarian forint. Both country's kept interest rates on hold last night, with South Africa's central bank sounding a bit dovish. Also hit are the Mexican peso (FXM) and India's rupee (ICN)
    | 1 Comment
  • Mar. 12, 2012, 12:54 PM
    South African oil major Sasol (SSL -2.1%) reports earnings of $1.8B for 2011 H2, up from $980M a year earlier, roughly inline with estimates. Profits benefited from a 16% decline in the rand (SZR) as well as higher crude prices.
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  • May. 31, 2011, 7:39 AM
    South African economic growth accelerated to 4.8% in Q1 vs. expectations of 4.2%. The rand strengthen on the news, bringing the currency's gain to nearly 5% since the February lows. Growth is still well below the 7% figure hoped for by the government. EZA +26%, SZR flat Y/Y.
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  • Apr. 29, 2011, 9:19 AM
    Despite the usual rhetoric about the desire for a strong currency, U.S. officials seem unconcerned with the weakening greenback. The current decline in the dollar isn't out of line with 3 of its other recent bear markets. The only problem is 2 of those 3 moves ended with major financial panics.
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  • Apr. 13, 2011, 11:08 AM
    South African Finance Minister Pravin Gordhan extolls the strongish rand, saying it provides an "important buffer" from higher commodity prices. He again pledges not to use currency controls to try and curb capital inflows. SZR -0.5%, EZA -0.4%.
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  • Mar. 7, 2011, 8:53 AM
    South Africa becomes the latest country to wave the white flag in the "currency wars," its finance minister crediting the strong rand (SZR) with crimping inflation pressures. No longer able to ignore rising prices, nations are abandoning rhetoric and policies meant to stifle currency appreciation.
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  • Mar. 1, 2011, 3:02 PM
    The gold ETF (GLD) has outperformed South African gold miners for years. Last year's culprit was the rising rand, which meant a 29% increase in the dollar value of gold translated into just a 13% jump for the SA miners. A lower rand (SZR) could turn things around in 2011. AU, GFI, HMY, DROOY.
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  • Feb. 28, 2011, 10:17 AM
    Talk of a "currency war" gives way to a "truce" as emerging economies call off the fight against currency appreciation to assist in their battle against inflation. "The quickest way to put a cap on inflation is to look at ways that would strengthen your currency," says a Nomura analyst. Emerging currency ETF: CEW.
    | 1 Comment
  • Aug. 18, 2008, 5:04 AM
    Japanese investors are moving away from the New Zealand (BNZ) and Australian (AXE) dollars and are turning to the South African rand (SZR), the Turkish lira, and the Brazil real (BZF) in search of higher returns.
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SZR Description
WisdomTree Dreyfus South African Rand Fund seeks to achieve total returns reflective of both money market rates in South Africa available to foreign investors and changes in value of the South African Rand relative to the U.S. dollar.
See more details on sponsor's website
Country: South Africa
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