Sliding Risky Currencies Plague Carry Trade ETF
June 12, 2013 at 14:20 PM EDT
The yen’s sudden burst of strength, the CurrencyShares Japanese Yen Trust (NYSEArca: FXY) is up 6.2% in the past month, is having predictable consequences. For example, equity-based ETFs such as the wildly popular WisdomTree Japan Hedged Equity Fund (NYSEArca: DXJ) and the iShares MSCI Japan Index...
