October 31, 2008 at 2:31 pm by Tom Lydon
October was a spooky month for the markets and exchange traded funds (ETFs), and we saw things that haven’t been seen in decades.
The two strongest areas, and one of the few to end the month in positive territory are the Japanese yen and the U.S. dollar. CurrencyShares Japanese Yen (FXY) rose 7.3% this month, while PowerShares DB U.S. Dollar Index Bullish (UUP) finished up 7.8%.
Global regions were especially battered in October. Europe lost about 22%, Asia fell about 21% and Latin America tumbled about 30%.
Click here to read our full October performance report.
Read the disclosure, as Tom Lydon is a board member of Rydex Funds.
Tags: Asia, Currency ETFs, Emerging Markets, Energy, Europe, FXY, Japanese Yen, Latin America, Oil, U.S. Dollar, VIX
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