This summary was created by AI, based on 1 opinions in the last 12 months.
Currency Share Canadian Dollar ETF (FXC-N) is designed to track the performance of the Canadian dollar against the US dollar. With assets totaling approximately $61 million and management fees set at 0.40%, it serves as a vehicle for investors looking to gain exposure to the Canadian dollar. However, the ETF has experienced a downturn of 4.4% over the past year, attributed to the declining value of the Canadian dollar. Experts generally view such currency ETFs as speculative 'bets' rather than solid investments. Given the current economic landscape, many prefer to hold US dollar assets over the Canadian dollar, indicating a cautious stance toward FXC-N as a long-term investment.
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.
Currency Share Canadian Dollar ETF is a American stock, trading under the symbol FXC-N on the NYSE Arca (FXC). It is usually referred to as AMEX:FXC or FXC-N
In the last year, 1 stock analyst published opinions about FXC-N. 1 analyst recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Currency Share Canadian Dollar ETF.
Currency Share Canadian Dollar ETF was recommended as a Top Pick by on . Read the latest stock experts ratings for Currency Share Canadian Dollar ETF.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
In the last year, there was no coverage of Currency Share Canadian Dollar ETF published on Stockchase.
On 2025-02-04, Currency Share Canadian Dollar ETF (FXC-N) stock closed at a price of $68.29.
There are not a lot of options other than just holding C$ 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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