winkler

Rydex's CurrencyShares ETFs: The Expensive Truth

Big deal! A 0.40% expense ratio is pretty reasonable considering the convenience offered by being able to simply buy an ETF in your regular stock account - IRA or otherwise. I'm sure the alternatives (FOREX or currency futures) are ultimately cheaper, but people don't have to open a whole new account to buy ETF's. And as an advisor, do you really think I want to go to all the trouble to get all my clients to open futures or FOREX accounts just to save a few bucks? Not to mention the amount of client education I'd have to do with most of them about how it's really "OK" to have a FOREX or futures account. Many clients simply won't hear of having such a "risky" type of account. Currency shares provide a great convenience and service. With these ETF's I can get exposure for myself and my clients that in many cases just wouldn't happen at all if it meant opening FOREX or futures accounts.