ETF Daily News
Time To Consider Chinese Yuan ETFs?
October 15, 2012
Given the recent strengthening trend of the yuan, investors may want to consider ETFs with exposure to the Chinese currency, as they may stand to reap short-term benefits from effects of the U.S. presidential election or long-term gains as China works through current challenges, according to an article on Zacks.
Despite the numerous issues hampering the growth of China’s economy, the yuan recently reached a nearly 20-year high of 6.28 against the dollar, the article said.
For those looking for low-risk exposure to China’s yuan, consider the following ETPs:
To read more, go to Zacks.com.
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