The Euro Currency Trust ETF (FXE) is one of the easiest ways for investors to protect against the declining dollar. Interest rates continue to rise in the U.S. while they have remained flat in Europe. Stock valuations in Europe have been more attractive and this has helped European markets advance so far in 2006.
The Euro Currency Trust is up 8% so far this year. That’s even better than the S&P 500’s 6% gain. Murray Coleman from Investor’s Business Daily profiled this fund in an article this week.
(The Euro Currency Trust is sponsored by Rydex Investments. Tom Lydon is a trustee on the Rydex funds board.)
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.