One of the first elements of portfolio construction is the allocation of capital between stocks, bonds and cash. I believe the cash part of that equation is about to undergo some serious evolution in the coming weeks, thanks to some innovations from the folks at Rydex Investments.Last December, Rydex listed the Euro Currency Trust (FXE). Each share of the Euro Currency Trust equals 100 euros. As early as next week, Rydex will list six more currency ETFs, covering the British pound, Australian dollar, Canadian dollar (the Loonie), Mexican peso, Swedish krona and Swiss franc.
Diversify Your Cash With New Currency ETFs
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