Swedish Crona Trust Comes Through in a Pinch

| About: CurrencyShares Swedish (FXS)
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Roger Nusbaum submits: I have been writing for months in my belief in Sweden as an investment destination. Most of clients own one Swedish stock and the Swedish krona ETF (NYSEARCA:FXS), I have disclosed this before.

I bought FXS in early July in the 138s. My general expectation for FXS was that it would not do much most of the time but that every once in a while it would help reduce volatility in the portfolio. That has been the case for the last few days and the chart posted here shows a narrow range for most of the time followed by a small but noticeable breakout.

For all I know FXS will go back into that channel, but during the down-draft so far the fund has acted as hoped for -- it has reduced volatility of the portfolio. There have been some negative comments left by readers along the way on these, but I think there is value in allocating a small portion to these types of products; be it ETFs, OEFs, actual currency or anything else that offers the effect.

I have been consistent on these will continue to be so but I would not be surprised to see better mousetraps come along.

Currency Shares Swedish Crona Chart 28 11 06