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We’ve discussed the current crisis in Greece and that has had a very powerful impact on the FX markets. There is an increasing amount of options available for FX investors that wish to use ETF’s. No surprise in the fact that a double short Euro ETF has the best return so far this year. Apart from the Euro, few currency ETF’s have moved much this year. But take a look at the 1 year returns and you will notice very impressive returns for the Australian Dollar, the South African Rand and the Brazilian Rand.
Which of these ETF’s do you think will profit the most in the next few months?
Ticker Name Shares Sept 17 2014 Prices Sept 17 2014 Values
OMC Omnicom Group Inc 32 $70.33 $2,250.56
MSFT Microsoft Corp 74 $46.52 $3,489
JCI Johnson Controls Inc 42 $46.37 $1,993.91
PEP PepsiCo Inc/NC 30 $92.85 $2,878.35
ETN Eaton Corp 33 $66.36 $2,256.24
DOV Dover Corp 26 $84.72 $2,287.44
ITW Illinois Tool Works Inc 30 $88.63 $2,658.90
XLNX Xilinx Inc 39 $43.92 $1,756.80
SJM JM Smucker Co/The 21 $99.71 $2,193.62
BLK BlackRock Inc 13 $329.74 $4,616.36
TROW T Rowe Price Group Inc 31 $79.30 $2,537.60
OXY Occidental Petroleum Corp 24 $98.17 $2,454.25
XOM Exxon Mobil Corp 21 $97.08 $2,135.76
ADI Analog Devices Inc 46 $49.63 $2,332.61
HAS Hasbro Inc 31 $53.77 $1,720.64
MAT Mattel Inc 45 $34.16 $1,571.36
AFL Aflac 31 $58.33 $1,866.56
BAX Baxter International 26 $72.65 $1,961.55
IVZ Invesco Ltd 69 $40.85 $2,859.50
CVX Chevron 20 $124.72 $2,619.12
TXN Texas Instruments Inc 32 $48.37 $1,596.21
VWO Vanguard FTSE Emerging Markets 81 $44.20 $2,696.20
BND Vanguard Total Bond Market 46 $81.46 $2,932.56
Cash $2,550.94
USDP $58,216.04
SPX 16.17845817 $3,643.33 $60,943.46
I’m surprised of the performance of the african rand…and think that this is a strong pick (until world cup?)
Also, like you said Greece’s impact on Euro (return YTD) is significant: Market Vectors Double Long Euro ETN, ProShares Ultra Euro, Path EUR/USD Exchange Rate ETN… it’s a difficult bet for me on this one… Eurozone is still shaken by the actual crisis.
@Zavi – Yes, difficult to say how much of an influence the world cup has had… there are lot of things going on in South Africa, especially politically. But yes, I would think the country is on its way up, very slowly though.
And yes, I would probably be short Euro right now…