NEW YORK ( TheStreet) -- A few years ago currency ETFs became very popular when Rydex issued a comprehensive suite of individual currency funds. Since then there have been a few other funds to come out but the segment has had less attention paid to it in recent years. That may be changing with a couple of new funds that came out earlier this week.The more interesting of the two stands to be the actively managed PIMCO Foreign Currency Strategy Exchange Traded Fund (FORX). The primary objective is to offer access to a product that will benefit from a decline in the U.S. dollar. Obviously, if the U.S. dollar generally goes higher then the fund will not do well.
New Currency Funds Break New Ground
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