Profit from the Falling Dollar
Posted by Admin on Feb 10th, 2007
2007
Feb 10
With the US Dollar’s continued downward moves, Stock-Net shows you some ways to profit from this trend. Several new ETF’s are available that allow you to track the movements of foreign currencies. A sampling of the currency ETF’s include:
- CurrencyShares Australian Dollar, FXA
- CurrencyShares British Pound Sterling, FXB
- CurrencyShares Canadian Dollar, FXC
- CurrencyShares Mexican Peso, FXM
- CurrencyShares Swedish Krona, FXS
- CurrencyShares Swiss Franc, FXF
- Euro Currency Trust, FXE
Mutual Funds that track currency movements include Franklin Templeton Hard Currency, ICPHX, and Merk Hard Currency Fund, MERKX. The Franklin Templeton fund has a 2.25% load and an expense ratio of 1.19%, while the Merk fund is offered with no-load and an expense ratio of 1.30%.
These Currency ETF’s or Mutual Funds could be a valuable addition to your portfolio, offering additonal diversification opportunities and an offset to the effects of a weakening dollar.
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February 26th, 2007 at 9:42 am
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[...] from the Falling Dollar – Part II By Admin Updating my previous Stock-Net post about profiting from the falling dollar, I now have some additional investment options to present. As many expect further declines in the [...]