State Street Global Advisors, a unit of State Street and the third largest US issuer of exchange-traded funds, recently jumped onto the currency-hedged ETF bandwagon with the debut of the SPDR Euro STOXX 50 Currency Hedged ETF (HFEZ). The new fund comes with low fees, possibly to compensate for the delay in a niche that is dominated by WisdomTree, iShares …
New ETFs On The Block: iShares Currency Hedged MSCI Emerging Markets ETF (HEEM)
San Francisco-based iShares, the biggest issuer of exchange-traded funds, recently expanded its offerings in the emerging-market niche with the launch of the iSharesCurrency Hedged MSCI Emerging Markets ETF (HEEM). The new fund is the currency-hedged edition of BlackRock’s popular emerging-market focused iShares MSCI Emerging Markets ETF (EEM) and should find favor with investors who wish to protect their earnings from …
New ETFs On The Block: Powershares Multi-Strategy Alternative Portfolio (LALT)
Invesco PowerShares, the Illinois-based fourth-largest US provider of exchange-traded funds, has launched a multi-strategy, alternative portfolio in partnership with Morgan Stanley that focuses on enhanced risk-adjusted returns while lowering volatility. The PowerShares Multi-Strategy Alternative Portfolio (LALT) is likely to find favor with traditional stock/bond investors who wish to better manage volatility as interest rates begin to normalize in the US. …
Taking Stock: Currency ETFs For Betting Against The Greenback
The US dollar has not really rallied against the euro despite the European debt crisis continuing to dominate global headlines. In fact, the US dollar has remained nearly flat so far in 2012, as indicated by the US dollar index reading (see UUP chart above). Many investors, however, remain long-term bearish on the world’s leading reserve currency due to a …