New Currency Funds

[Mark Freeland]

Though Morningstar recommends against these funds ("Seven Investments You
Don't Need" - see #7 -
http://news.morningstar.com/doc/article/0,,135056,00.html), there are
several new ones this year.

Ed has mentioned ProFunds Rising US Dollar and Falling US Dollar Funds:
http://webreprints.djreprints.com/1203770326980.pdf

There is now Merk Hard Currency Fund:
http://www.merkfund.com

Rydex Strengthening Dollar and Weakening Dollar Funds:
http://www.rydexfundsfp.com/marketing_materials/comdollarnewfunds.htm

Potomac Dollar Bear:
http://www.potomacfunds.com/data/prospectus_dollar_bear.pdf

and a Bloomberg article on this type of fund (specifically looking at
Templeton's fund):
http://quote.bloomberg.com/apps/news?pid=nifea&&sid=a7useWj3QvlE
(another Morningstar comment in this article: "Going into a currency fund
for most people is akin to gambling.")

Pick the amount of leverage you want, the direction you think the dollar is
going, and place your bets ...

--
Mark Freeland
nBe...@pacbell.net