business brief - Principles of Management Brief #2...

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Principles of Management Brief #2 “Smarter Ways to Make Currency Plays” I. The Major Point of this article is that fund companies are beginning to offer exchange-traded funds (ETFs) in addition to other currency play vehicles available to smaller investors at more affordable prices. II. A) Because the U.S. dollar has become increasingly stronger against the euro and other foreign currencies as of late, there is a chance that economic recovery in the United States may be quicker than in Europe. . B) Currency vehicles have been introduced at a time when the U.S. dollar has been trading at record lows against other foreign currencies and will continue to attract investors who are more concerned with reduced exposure to U.S. equities and Treasury bonds (Bogoslaw, para. 4) C) Rydex Investments offers eight CurrencyShare ETFs, structured as grantor trusts that hold the underlying currency and gain or lose value based on exchange rates plus any overnight interest that accrues. The CurrencyShares Euro Trust has almost $1 billion in assets under management in just over two
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This note was uploaded on 04/08/2008 for the course BUSINESS 612003 taught by Professor Spiess during the Spring '08 term at Lewis University .

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business brief - Principles of Management Brief #2...

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