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All this fund does is borrow in low yielding currencies and get long the high yielding currencies. As the spread between the high yielding currencies between the low yielders has decreased, the fund has gone down. This ETF is the carry trade, and the carry trade is done for a few years now as central banks fall back to low interest rates.
This isn't done going down. Rating :
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27/Male |
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| Subject | Author | Rating | Time of Post (ET) | ||
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After a year of suffering with this junk, all I have to...
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originalfre... |
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9-Sep-08 08:44 am | ||
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You should be feeling brilliant now, by contrast. ...
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ppittman2 | (2 Ratings) | 28-Oct-08 12:51 am | ||
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ppittman2, thank you for the response. I was...
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originalfre... | Rate it | 28-Oct-08 09:10 am | ||
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I AM holding because it seems to me they...
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ppittman2 | (2 Ratings) | 31-Oct-08 01:34 pm | ||
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Re: Sold this junk
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tommyleesd2... | (1 Rating) | 18-Jan-09 09:46 pm | ||
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It is due to the current global markets and everyo...
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toddhawley | (1 Rating) | 17-Jan-09 07:01 am |
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