Another China Yuan ETF: Rydex Launches FXCH
Rydex, the firm behind the CurrencyShares suite of exchange-traded products, made a splash with the latest addition to its product lineup on Tuesday. The recently-launched CurrencyShares Chinese Renminbi Trust (FXCH) will offer exposure to the official currency of the People’s Republic of China, bringing the total number of currency products offered by the company up to ten. “The renminbi has become an important currency in the world, and the China growth story is expected to continue long-term,” said Jim King, an ETF portfolio manager at Rydex|SGI. “The Chinese Renminbi Trust offers investors a way to participate in China’s burgeoning economy, as well as diversify their portfolio with currency exposure,” he said. The value of the Chinese currency, often known as the yuan, has been a hot topic for the last several years. The international community, including Treasury Secretary Geithner, has regularly implied that China has kept the official value of [...] Click here to read the original article on ETFdb.com. Related Posts: September ETF Roundup: Launches, Filings, and Closures PowerShares Launches “Dim Sum” China Bond ETF ETF Insider: Bears On Parade China Yuan ETFs On The Move Guggenheim Plans China Bond ETF
Rydex, the firm behind the CurrencyShares suite of exchange-traded products, made a splash with the latest addition to its product lineup on Tuesday. The recently-launched CurrencyShares Chinese Renminbi Trust (FXCH) will offer exposure to the official currency of the People’s Republic of China, bringing the total number of currency products offered by the company up to ten. “The renminbi has become an important currency in the world, and the China growth story is expected to continue long-term,” said Jim King, an ETF portfolio manager at Rydex|SGI. “The Chinese Renminbi Trust offers investors a way to participate in China’s burgeoning economy, as well as diversify their portfolio with currency exposure,” he said. The value of the Chinese currency, often known as the yuan, has been a hot topic for the last several years. The international community, including Treasury Secretary Geithner, has regularly implied that China has kept the official value of [...]

Click here to read the original article on ETFdb.com.

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