Currency ETFs Shine Through Bleak Market
In a bleak week last week, the US Dollar shone bright. For the week and the past 52-weeks, Dollar and Yen funds are ahead. Other currency funds, including currency strategies, are behind.
click images to enlarge
Among key asset categories, only fixed income is ahead for the week and 52-weeks.
Among bonds, not all avoided loss. Bonds involving credit risk, not surprisingly did poorly relative to those representing sovereign US credit. Foreign sovereign credit bonds did not move ahead.
From week-to-week, funds tracking the same index don’t achieve identical results due to differences in tracking method. This week for example, AGG and BND which each track the Lehman Aggregate Bond index performed differently. AGG which uses sampling had a positive week, while BND which uses near replication had a negative week.
The short funds, of course, did well because they are designed to produce the inverse results of the long funds which did so poorly this week and this year. (see performance of 1X short ETFs and 2X short ETFs and short mutual funds).
These and many other securities lists are available at our site. They are updated each week on Saturday mornings.
[securities mentioned in this article: ]
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