Opinions
Richard Croft
ProSh UlShrt Yen ETF
YCS-N
COMMENT
Oct 10, 2013
$62.080
Stock price when the opinion was issued
E.T.F.'s
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An ETF that shorts the yen? ProShares Ultra Short Yen ETF (YCS-N) will do this. This is leveraged 2-for-1. Japan is taking the quantitative easing that is going on in the US and putting it on steroids. He thinks Japan has a lot of fundamental problems. They don’t have a lot of immigration and the population is aging. Demographics is making it extremely difficult for them to get out of the disinflationary environment. In many of the industrialized countries, including Canada and the US, we have immigration to help support some of that. This is a short-term ETF and you shouldn’t be holding it for a long-term, use it as a trade.