Filling in what had become one of the most glaring holes in the ETF lineup, ProShares last week introduced a product that will allow investors to bet against the beleaguered currency of the Euro zone. The new ProShares Short Euro (EUFX) will seek to deliver daily returns that correspond to -100% of the daily change in the U.S. dollar value of the euro (specifically, the 4:00 ET EUR/USD cross rate as published by Bloomberg). Somewhat surprisingly, EUFX is the first exchange-traded product available to U.S. investors that seeks to accomplish that objective, giving those with a strong opinion on the outlook of the currency a tool for betting on a decline. EUFX has already attracted the attention of investors looking to hedge euro exposure or simply bet against a decline in value; more than 18,000 shares traded hands yesterday, and the daily volume has gone as high as 42,000 shares in the [...] Click here to read the original article on ETFdb.com. Related Posts: Ex-Japan ETFs In Focus Where The ETF Money Is Flowing (The Answer Might Surprise You) ETFs To Round Out Your International Exposure How ETF Investors Can Save $415 Million (Without Breaking A Sweat) 10 Strange But True Facts About The ETF Industry
Filling in what had become one of the most glaring holes in the ETF lineup, ProShares last week introduced a product that will allow investors to bet against the beleaguered currency of the Euro zone. The new ProShares Short Euro (EUFX) will seek to deliver daily returns that correspond to -100% of the daily change in the U.S. dollar value of the euro (specifically, the 4:00 ET EUR/USD cross rate as published by Bloomberg). Somewhat surprisingly, EUFX is the first exchange-traded product available to U.S. investors that seeks to accomplish that objective, giving those with a strong opinion on the outlook of the currency a tool for betting on a decline. EUFX has already attracted the attention of investors looking to hedge euro exposure or simply bet against a decline in value; more than 18,000 shares traded hands yesterday, and the daily volume has gone as high as 42,000 shares in the [...]
Click here to read the original article on ETFdb.com.
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