Rydex, the firm behind the CurrencyShares suite of exchange-traded products, made a splash with the latest addition to its product lineup on Tuesday. The recently-launched CurrencyShares Chinese Renminbi Trust (FXCH) will offer exposure to the official currency of the People’s Republic of China, bringing the total number of currency products offered by the company up to ten. “The renminbi has become an important currency in the world, and the China growth story is expected to continue long-term,” said Jim King, an ETF portfolio manager at Rydex|SGI. “The Chinese Renminbi Trust offers investors a way to participate in China’s burgeoning economy, as well as diversify their portfolio with currency exposure,” he said. [click to continue…]
Earlier today, Eric Dutram, Analyst and Head of Editorial at ETF Database, was on BNN discussing ETFs that could be new safe havens in the current market environment. Now that investors can no longer rely on the Swiss franc, many have been scrambling to find new places to stash cash and could take a look [...]
Over the last few months, investors have becoming increasingly skeptical about the long term health of the world’s two major currencies, the dollar and the euro. Debt worries are plaguing each and forcing many to reconsider the wisdom of holding onto assets denominated in these two sinking ships. As a result, many have sought refuge in alternative [...]
Since PowerShares debuted its first active ETFs in the spring of 2008, this corner of the exchange-traded product market has grown tremendously. Though many active ETFs have been somewhat slow to accumulate assets, the increase in the size of the lineup highlights the trend towards vehicles that combine active management with the exchange-traded structure. There [...]
One of the biggest stories in global finance over the past few months has been China and their unwillingness to revalue their currency to what many Western nations see as an appropriate level. Some analysts believe that the yuan is undervalued by as much as 40%, potentially giving the People’s Republic an unfair advantage in [...]
Guggenheim, the Chicagoland ETF issuer that has been a pioneer in the target maturity date bond ETF space, may have plans to take its fixed income lineup international. The company recently made an SEC filing detailing plans for a China bond ETF. Details on the proposed fund were scarce–no ticker symbol, expense ratio, or even [...]
With the health of the global economy still riding in the balance, leaders from twenty of the most powerful and important economies in the world will meet in Seoul, South Korea this week to discuss a number of critical issues. The G-20 organization, which consists of 19 countries around the world as well as the [...]
No matter where investors look in the developed world, the picture isn’t pretty. In the U.S. unemployment remains intolerably high, and uncertainty over the latest round of QE will continue to hang over stock markets. In Europe efforts to control surging deficits have been met with protests and public outrage, complicating the process of reeling [...]
The ETF industry has grown by leaps and bounds in recent years, thanks in large part to a shift by investors towards cost-efficient passive indexing strategies and away from pricey active management. But many in the industry have opined that actively-managed ETFs–in a sense hybrid products that exhibit characteristics of both active mutual funds and [...]
As the American economy continues to grow at a painfully slow pace, investors have begun to lose confidence in the once rock solid greenback. This has pushed many investors into the relative safety of gold and other precious metals, many of which are now breaking through or approaching all-time highs. Even the much maligned euro–despite [...]
Although September has historically been one of the weakest months of the year for U.S. equities, markets have thrown aside this historical trend in recent weeks and continued their impressive rally last week. The S&P 500 got off to a good start in Monday trading only to stay range bound over the next day before [...]
