The dollar continues to lose ground against the Euro. One way to hedge against this trend is to consider The Euro CurrencyShares (FXE). Rydex’s currency-based exchange traded product has accumulated over $700 million in assets since its December 2005 inception.
Euro CurrencyShares aims to overcome some of the logistical and cost barriers historically associated with entry into the currency market by offering investors an opportunity to participate through a packaged investment. Each Euro CurrencyShares represents approximately 100 euro.
(Tom Lydon is on the board of trustees for Rydex funds.)
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Mr. Lydon serves as an independent trustee of certain mutual funds and ETFs that are managed by Guggenheim Investments; however, any opinions or forecasts expressed herein are solely those of Mr. Lydon and not those of Guggenheim Funds, Guggenheim Investments, Guggenheim Specialized Products, LLC or any of their affiliates. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.