It used to be that currency investing was something for the sophisticated investor (or adviser), rather than a tool used by the average market participant. That began to change near the end of 2005, when Rydex launched the first of its CurrencyShares ETFs—the CurrencyShares Euro Trust (NYSE Arca: FXE).
Pioneering Active Bond ETF Shuttered
One of the first active bond ETFs, the Bear Stearns Current Yield Fund (AMEX: YYY), has thrown in the towel after an unsuccessful launch. The Board of Trustees of Bear Stearns' Active ETF Trust voted unanimously to liquidate the fund.