Pimco Files For Active Currency ETF
Pimco Files For Active Currency ETF
By Olivier Ludwig at IndexUniverse
Pimco, the world’s biggest bond fund manager, filed paperwork with the Securities and Exchange Commission to offer an actively managed currency ETF, giving investors a way to profit from the secular decline in the dollar’s value for most of the past 10 years.
The Pimco Foreign Currency Strategy Exchange-Traded Fund will normally invest at least 80 percent of its assets in currencies of, or fixed-income instruments denominated in currencies of, non-U.S. countries—including those from the emerging markets—that are likely to outperform the U.S. dollar over the long term.
By Olivier Ludwig at IndexUniverse
Pimco, the world’s biggest bond fund manager, filed paperwork with the Securities and Exchange Commission to offer an actively managed currency ETF, giving investors a way to profit from the secular decline in the dollar’s value for most of the past 10 years.
The Pimco Foreign Currency Strategy Exchange-Traded Fund will normally invest at least 80 percent of its assets in currencies of, or fixed-income instruments denominated in currencies of, non-U.S. countries—including those from the emerging markets—that are likely to outperform the U.S. dollar over the long term.
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Comment by GeniusFX on June 12, 2011 at 9:19pm -
I always think of PImp Co when I hear that name :) *In the future when they write about ETFs and how they were such a scam remember them. They have something in them called creation units which are really called "steal the punters money" How the government allows this kind of hidden abuse of the public is beyond me... These creation units are controlled by those who run the funds and can be at any price they want with them controlling the market they found the perfect way to steal the publics money legally. The levered ones are many times worse. ETFs are just low grade options with a pretty face :)
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Comment by FXWizard on June 15, 2011 at 7:32am -
GeniusFX, why did you say that? ETF are not such a scam, in fact they're traded in regulated and not OTC markets so it's an excellent option for those who want to trade currencies... without risking their money in bucket shop ;)
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