Dollar’s Decline, Outflows Hammer ETF
April 24, 2011 at 19:18 PM EDT
An exchange traded fund (ETF) tracking the greenback has seen its assets plunge as investors flee the dollar. PowerShares DB US Dollar Index Bullish Fund (NYSEArca: UUP) is an $857.1 million ETF. At the end of March 2010, it had nearly $1.7 billion in assets, according to National Stock Exchange...