CYB provides an actively managed approach to gain exposure to the Chinese yuan. [WisdomTree: Chinese Currency Volatility & Band Widening Could Spell Opportunity]
Alternatively, the Market Vectors Chinese Renminbi ETN (NYSEArca: CNY) is an exchange traded note that follows price movements between the yuan and USD. This note is open to credit risk and uses rolling, three-month currency futures contracts to provide exposure to the exchange rate of the Chinese yuan to the U.S. dollar. CNY is down 2.1% year-to-date.
Additionally, the CurrencyShares Chinese Renminbi Trust (NYSEArca: FXCH) maintains a deposit account denominated in Chinese renminbi, and interest earned will be used to pay expenses and any left over will be distributed to shareholders. FXCH is down 2.2% year-to-date.
WisdomTree Dreyfus Chinese Yuan Fund
For more information on the Chinese currency, visit our Chinese yuan category.