“Its almost like a savings account,” William Belden, managing director of product development at Guggenheim Investments, said in the article.
Additionally, WisdomTree offers a group of actively managed currency funds. For example, the WisdomTree Dreyfus Chinese Yuan Fund (NYSEArca: CYB) provides a total return that reflects the money market rates available to foreign investors in China and tracks changes in the value of the Chinese yuan relative to the USD.
The WisdomTree Bloomberg U.S. Dollar Bullish Fund (NYSEArca: USDU) has been gaining investment interest and now has $156.9 million in assets. The actively managed USDU tracks the USD against a broader basket of developed and emerging market currencies, including the euro, yen, Canadian dollar, Mexican peso, pound sterling, Australian dollar, Swiss franc, South Korean won, Chinese yuan and Brazilian real.
For more information on foreign exchange market, visit our currency ETFs category.
Max Chen contributed to this article.