Currency ETF

As I explained in one of my posts ETF stands for exchange-traded fund; an ETF holds assets such as stocks, commodities, or bonds, and trades close to its net asset value over the course of the trading day. The majority¬†of ETFs track an index, such as a stock index or bond index. ETFs may be attractive as investments because of their low costs, tax efficiency, and stock-like features. I have always been interested in currency trading but the idea that I have to stick around a computer to closely follow the prices is a turn off. So I have been looking for alternatives. In this search for alternatives I came across ETF currency trading. Some currency’s that seem attractive to me are the dollar, yen, Australian Dollar and the Canadian dollar along with the Swiss currency. For a while I held the British pound in high regard and although I still think it’s an attractive currency I am suspicious about it. The reason for this feeling is the question about Britain will continue to be part of European Union. I am not sure about the consequences exactly but I doubt that it will be pretty. Which is why the American Dollar, Yen, Australian Dollar and the Canadian Dollar are my safety bets in terms of currency trading. Once I am a bit more clear about British intents in terms of their relationship with the European Union would I make a bet on the British pound. Ishares seems to have some interesting currency ETF’s. As always do your research and look for any charges that might dwindle your return.