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Pegged Currency ETNs
June 23, 2008 12:10 pm
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Barclays Capital has launched another exchange-traded note that lacks the iPath brand name. The Barclays Asian and Gulf Currency Revaluation ETN (NYSE Arca: PGD) made its debut on Wednesday and joins the Barclays GEMS Index ETN (AMEX: JEM). The new ETN tracks the Barclays Global Emerging Markets Strategy (GEMS) Pegged Currency Index, which covers five currencies in the Middle East and Asia that are pegged to or float relative to the dollar and which could be revalued. The index currently includes the currencies of Saudi Arabia, Hong Kong, the United Arab Emirates, Singapore and China. JEM, by contrast, just tracks an index that follows the value of U.S. dollar investments in 15 emerging markets currencies. Why would anyone buy a basket of currencies pegged to the dollar, especially when it costs 0.89%? Because many expect these currencies to have their pegs adjusted upward, creating a potentially low-risk investment with significant upside in the event of a revaluation. PGD charges an expense ratio of 0.89%. |
Looking Beyond VWO And EEM
Broad-based, cap-weighted ETFs were the way to play emerging markets over the past decade. But it’s time for investors to become more strategic and look beyond VWO and EEM.
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May 23, 2012
Looking Beyond VWO And EEM Broad-based, cap-weighted ETFs were the way to play emerging markets over the past decade. But it’s time for investors to become more strategic and look beyond VWO and EEM. -
May 22, 2012
Best/Worst Daily ETF Returns: Energy Shines CRUD was the best-performing ETF on Monday, May 21, boosted by policymakers’ search for ways to support the global economy. -
May 21, 2012
iShares Plans LatAm Bond ETF New iShares ETF Takes aim at relatively untapped Latin American bond space. -
May 18, 2012
Best/Worst Weekly ETF Returns: GREK Off 18.6% GREK tumbled 18.57 percent in the week ended May 17, as the current structure of the eurozone teeters on the brink. -
May 16, 2012
Best/Worst Daily ETF Returns: GLDX Falls 8.27% GLDX and other precious metals ETFs were among the worst-performing ETFs on Tuesday, May 15, as anxiety mounted over Greece's future in the eurozone.
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JP Morgan & ETN Credit Risk
Paul & Ugo discuss the implications of J.P. Morgan's $2 billion loss, the European debt crisis and what it means for ETN investors.
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