It follows that Asian countries are fundamentally solid; they will have little trouble paying back their debts. What's more, the currencies should continue to appreciate against the greenback, albeit at a rocky, uneven pace. Nevertheless, being paid in local currencies makes it possible to profit from Asian currency appreciation as well as bond yield interest.
Even though recent safe-haven purchasing of the U.S. dollar has caused ALD to pull back from its peak, this exchange-traded dynamo has rocketed to $450 million in assets in a matter of months. Current low volume suggests that this is one ETF that investors plan to keep, not trade.