EUFXProShares Short Euro
EUFX Fund Description
EUFX provides the inverse (-1x) of the daily performance of the spot price of the euro, as measured in USD.
EUFX Factset Analytics Insight
For those bearish on the euro and bullish on the dollar, EUFX provides inverse exposure to the European currency. The fund charges a high fee for this exposure, but keep in mind that it's not designed to be a long-term investment product; the fund rebalances its exposure back to -1x on a daily basis. As a result, path dependency and compounding make long-term returns in the fund difficult to predict when compared with the changes in the EUR/USD spot rate. Also keep in mind that EUFX references the EUR/USD cross rate as reported by Bloomberg at 4 pm ET—something that can differ by a few pips when compared with other reference rates. To date, the fund hasn't garnered much investor interest, and trading activity is almost nonexistent. Small investors will likely have a difficult time trading EUFX in any kind of volume, while large investors are advised to use liquidity providers.
EUFX CHARTS AND PERFORMANCE
EUFX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EUFX. EUFX is rated a 5 out of 5.