Opinions
Jon Vialoux
Currency Share Canadian Dollar ETF
FXC-N
TOP PICK
Mar 18, 2013
$97.290
Stock price when the opinion was issued
E.T.F.'s
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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
There are not a lot of options other than just holding C$ cash. There is an ETF that represents the C$, symbol FXC in NY. Assets are $61M, fees 0.40%, no leverage. It is down 4.4% in the past year with the C$ falling. Generally, we would view such securities as a 'bet' on a currency, rather than an investment. We would, today, still prefer the US$ overall.
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E.T.F.'s
Canadian dollar ETF tends to rise in Apr and May. Hedges your portfolio. Expect about 2% but add more if you are using it as a hedge.