U.S. tourists in Europe may be benefiting from the dollar’s recent strengthening, but investors need to shy away from certain funds that are being hurt by the rising greenback, according to an article on Benzinga.
The following funds were outlined by Benzinga staff writer The ETF Professor, as their exposure to international financials causes them to move inversely to the strength of the dollar:
- Consumer Discretionary Select Sector SPDR Fund (NYSEArca: XLY)
- iShares MSCI Canada Index Fund (NYSEArca: EWC)
- Market Vectors Brazil Small Cap ETF (NYSEArca: BRF)
- Materials Select Sector SPDR Fund (NYSEArca: XLB)
For the full breakdown on the funds listed, visit Benzinga.com.