With the yen reaching new highs against the dollar, exchange-traded products tracking the currency's rise are prospering.In fact, the three portfolios' performance has beaten almost every other ETF tracked so far this year heading into Friday. The only exceptions have been leveraged and inverse funds.One of the outperformers is actually an exchange-traded note, the iPath JPY/USD Exchange Rate ETN (NYSE: JYN). The other two are the Rydex Currency Shares Japanese Yen Trust (NYSE: FXY) and the WisdomTree Dreyfus Japanese Yen Fund (NYSE: JYF).As Yen Soars, Currency ETFs Ride Wave - News In Focus
Blogged with the Flock Browser
No comments:
Post a Comment