Currency ETFs Had a Tough 2010
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Monday, January 10, 2011

Currency ETFs Had a Tough 2010

Fundsters interested in the niche world of currency ETFs and ETNs may want to look at today's Wall Street Journal "Fund Track" column. Javier David reports on the rise of these niche products, many of which effectively bet against a strong dollar. (The WSJ notes that, thanks at least in part to a dollar rebound in November, currency ETF assets fell from $7.7 billion at the end of 2009 to $5.8 billion at the end of 2010.)

ETF Profit Report editor Jim Trippon, Merk Investments [see profile] president and chief investment officer Axel Merk and WisdomTree [see profile] research director Jeremy Schwartz all weighed in for the article. The WSJ cited several currency ETF and ETN providers, including Barclays, Merk, PowerShares [see profile], Rydex [see profile] and WisdomTree.

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