ETFs and Funds Question
What do you think about the new ETF that banks on Chinese currency?
WisdomTree Chinese Yuan Fund (NYSE: CYB)
Asked by TBone in
ETFs and Funds
one year ago
Stocks referenced: CYB
Answers
2769 points
Oldman answered one year ago …
You also should check out EverBank, which has FDIC -insured C.D.s in foreign currencies.
http://www.everbank.com
312 points
MoresbyChief answered one year ago …
You may be a little late on this trade, personally I'll be selling out of this once RMB:USD reaches 6.5 which I reckon will be around the end of 2008. By then I think most of the upward movement will have already happened. THere is always the chance of an additional one-off large re-valuation, but I'm not sure if China will allow this as exporters are already feeling the squeeze of the stronger RMB.
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