“Ford reported earlier this month that total and retail U.S. sales were up 13% in October – the best performance in 11 years. Sales numbered 214,000 vehicles. General Motors said total sales were up 16% in the month to 262,993 cars sold. It’s worth noting that most economists now are predicting a very slow and gradual rise to interest rates over the next year that might involve three or four 25 basis point moves,” adds Barron’s.
However, CARZ is levered to the strong dollar by way of its significant exposure to European and Japanese automakers, which benefit when the euro and yen depreciate against the greenback.
First Trust NASDAQ Global Auto Index Fund
