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:

  • WisdomTree Dreyfus Chinese Yuan Fund (NYSEArca: CYB)
  • Market Vectors Chinese Renminbi/USD ETN (NYSEArca: CNY)
  • CurrencyShares Chinese Renminbi Trust (NYSEArca: FXCH)

 

To read more, go to Zacks.com.

 

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