Topic: How To Invest

Is there a way for me to profit at a reasonable cost from a fall in the U.S. dollar against the Canadian dollar? What about against other currencies?

Article Excerpt

CurrencyShares Canadian Dollar Trust, $100.33, symbol FXC on New York (Shares outstanding: 5.8 million; Market cap: $581.9 million; www.currencyshares.com), is one of a number of CurrencyShares ETFs offered by Maryland-based Rydex. These ETFs rise in value when the U.S. dollar falls, and drop when the U.S. dollar rises. CurrencyShares Canadian Dollar Trust is designed to track the price of the Canadian dollar. The shares yield 0.10% after expenses. The fund’s MER is 0.40%. Buying one share of this fund is equal to owning 100 Canadian dollars. Here’s a list of the other eight CurrencyShares ETFs: CurrencyShares Euro Trust, $132.96, symbol FXE on New York (Shares outstanding: 2.5 million; Market cap: $332.4 million), is designed to track the price of the euro, net of the trust’s expenses, which are paid from interest earned on the deposited euros. The fund’s MER is 0.12%. After costs, the shares yield 0.4%. Buying one share of this fund is equal to owning 100 euros. CurrencyShares British Pound Sterling Trust,…