Opinions
Richard Croft
Currency Share Canadian Dollar ETF
FXC-N
TOP PICK
Nov 20, 2009
Currency Share Canadian Dollar ETF. Just tracks the value of the US$. Thinks the Cdn$ will rally against the US$ and will probably be above par in the 1st quarter of next year. That would probably be the trigger to sell. (Also has options so you could do covered calls.)
$93.230
Stock price when the opinion was issued
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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
There are not a lot of options other than just holding C$ 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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