have been looking for something similar to currencyshares (see their website) as it would permit a diversified buffer against a dramatic drop in the value of the dollar. personally, I like the canadian dollar, mexican peso and euro
does fidelity or vanguard offer something similar to FXC ?
Picking specific currencies seem like a big a gamble as picking specific stocks. I hedge currency risks primarily by having international stocks & bonds. I'm also slowly increasing my position in DBV which is a currency carry trade fund (long on currencies paying high interest, short on low yielders).
I read yesterday, I think, that something on the order of
40-50% of the revenues of the Dow stocks is from international sales. It looks like simply buying some of the largest-cap domestic companies, you get some currency exposure.That said, individual currency bets seem very speculative and I'd sooner see most investors diversify their exposure through regular international investments - in the vast majority of cases, either ETFs or mutual funds.
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