ETF Spotlight on PowerShares DB G10 Currency Harvest (DBV), part of a recurring series.
Assets: $283 million
Holdings: This fund tracks the interest rates of the U.S. dollar, euro, Japanese yen, Canadian dollar, Swiss franc, British pound, Australian dollar, New Zealand dollar, Norwegian krone and the Swedish krona. DBV looks at the three-month interest rates of the G10 currencies and goes long on the three with the highest rates and short on the three with the lowest.
Objective
The ETF seeks to capitalize on the trend the currencies with high interest rates generally tend to rise in value relative to currencies that have low interest rates. DBV looks at the three-month interest rates of the G10 currencies and goes long on the three with the highest rates and short on the three with the lowest.
What’s Good