Rydex To Launch ETFs Tracking 4 Currencies - Yahoo! News
The four included above are the Singapore dollar, Russian ruble, HK dollar and the South African rand.
Of most interest to me is the Sing dollar. If they ever create a euro in Asia it would mostly likely be based on the Sing dollar.
If, as mentioned in the last post the US' AAA credit rating is cut, that would make holding a little foreign currency more important than it is now (and I think it is already important).
Wikinvest Wire
4 comments:
Great news. I've been hoping I'd be able to include the Ruble at some point in my "get the hell out of dollars" portfolio.
I would guess though, that they will have to go the same route as Wisdom Tree did for BZF, CYB etc. and "synthesize" the Ruble. Do you think that will be the case, Roger?
Sing $ has the best brains behind it.. they allow it to appreciate when inflation is up.. and push it down when inflation is low. Happy at singapore :)
Now if I can find a product which gives me hedging against my Indian Rupee - Singapore $ rate then I am blessed!
Speaking of foreign currencies.. what do you think of the Swedish Krona? I have a small long position in FXS precisely because it's a) not a Euro b) Sweden is a tech exporting economy for the most part, feeding cell phones and cars to Asia and Africa and c) quality of life in Sweden seems pretty nice.
I owned FXS almost across the board for about a year starting with when it first listed. I am favorably disposed but have not had a position for almost a year.
there is a lot to like but i think other destinations offer better diversification.
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