Time To Consider Chinese Yuan ETFs?

By
Devon Layne
October 15, 2012
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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.

ETF DAILY DATA

The consumer discretionary fund 'XLY' garnered a $1 billion-plus blast of creation on Tuesday, March 3. Still, a falling market offset net inflows and pulled total U.S.-listed ETF assets down to $2.092 trillion.

'VCR,' the consumer discretionary fund, paced Vanguard's issuer-leading inflows on Tuesday, March 3, as total U.S.-listed ETF assets ended the day at $2.092 trillion.

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