2. WisdomTree Indian Rupee ( ( ICN)). You probably shouldn't mention growth in China without recognizing the tremendous GDP strides in neighboring India. Due to inflation concerns, and central bank interest rate hikes in the country, investors have dramatically sold off shares of Indian Stock ETFs.

That said, ICN has an "embedded income yield" of 5.3%. The calculation represents the annualized rate of return generated by the exchange-traded fund's investment in forward currency contracts; it assumes that foreign exchange rates remain constant and endeavors to show the yield of the ETF without the impact of currency exchange rates.

Though complex in implementation and explanation, ICN offers one way for investors to get basic exposure to the rupee. If you do not require additional pan-Asian stock exposure, but want a currency that has made steady gains against the buck, ICN is above its short-term and long-term moving averages.

Disclosure Statement: ETF Expert is a website that makes the world of ETFs easier to understand. Gary Gordon, Pacific Park Financial and/or its clients may hold positions in ETFs, mutual funds and investment assets mentioned. The commentary does not constitute individualized investment advice. The opinions offered are not personalized recommendations to buy, sell or hold securities. At times, issuers of exchange-traded products compensate Pacific Park Financial or its subsidiaries for advertising at the ETF Expert website. ETF Expert content is created independently of any advertising relationships. You may review additional ETF Expert at the site.

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