Leveraged and inverse ETFs are designed for traders rather than buy-and-hold investors. [Primer on Leveraged and Inverse ETFs]
The new inverse euro ETF will likely compete with PowerShares DB US Dollar Index Bullish (NYSEArca: UUP), which holds $1.2 billion in assets. UUP tracks the U.S. dollar’s movement against a basket of currencies: euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. However, EUFX specifically targets the dollar/euro currency cross.
ProShares UltraShort Euro
