Articles Written by:    RAY HENDON     

New Currency ETN from Barclays

Barclays Capital announced today, August 4, a new ETN that bundles eight Asian currencies tied to their GEMS Asian 8 Index.   It trades under the symbol AYT. Similar to their GEMS Index, which I covered in my August 13th article, "Carrying the Dollar ...

From RAY HENDON, Seeking Alpha,  4 Sep 2008

Hard Time for Soft Currencies

August has been hard on emerging market currencies. Note the table below to see how much the currencies of some of the emerging markets fell last month. *I put the PowerShares DB US Dollar Bullish Fund ETF  (UUP) in the chart to show that part of the ...

From RAY HENDON, Seeking Alpha,  4 Sep 2008

Do Foreign Currency ETFs Have a Place in Your Portfolio?

Whether you know it or not, you are probably investing in foreign currencies now.  If you own an ETF or mutual fund in any international equity or fixed income product, you are taking a currency risk.  It’s not an indirect risk; it’s as direct as it ...

From RAY HENDON, Seeking Alpha,  31 Aug 2008
Related Topics: Morgan Stanley

Report from the Bond War Frontlines

Then came 2007. Barclays led off with nine new fixed income ETFs on January 5th and added six more by the end of the year. Oddly enough, looking at these developments, the first four iShares' funds now account for over $28 billion in assets under ...

From RAY HENDON, Seeking Alpha,  29 Aug 2008
Related Topics: iShares,  Barclays,  State Street,  Bill Gross

Brazilian Real: Update to the Downside

Brazil has been a stellar attraction to carry traders for well over a year.  With a current interest rate over 10% and a strong economy, Brazil is characterized by rising income, increasing exports and an expanding middle class.  A recent oil discovery ...

From RAY HENDON, ETF Investor,  25 Aug 2008
Related Topics: Luiz Inacio Lula Da Silva,  George W. Bush

Four New Currency ETFs from Rydex

In my article of last week, I mentioned the only way to buy Hong Kong dollars was through Barclays Asian and Gulf Currency Revaluation ETN (PGD) .  With this fund, in addition to the Hong Kong dollar,  you pick up the Saudi Arabian riyal,  the United ...

From RAY HENDON, Seeking Alpha,  24 Aug 2008
Related Topics: Barclays

Currencies: Dead Cats and Yapping Dogs

There are times of crises when the old order appears to fail.  Many cherished relationships and institutions seem upside down: the dollar becomes the peso of the world,  and nations long defined by underachievement and bumbling economies, have taken ...

From RAY HENDON, ETF Investor,  18 Aug 2008
Related Topics: Deutsche Bank,  Barclays,  Goldman Sachs

Carrying the Dollar Upstream

The carry trade was a virtual lay-down for most of the last decade.  Anyone could play and win.  With the constant slide of the greenback,  any other currency you chose would be a winner as far as price appreciation was concerned.  It took no special ...

From RAY HENDON, Seeking Alpha,  13 Aug 2008
Related Topics: Barclays,  Federal Reserve,  International Monetary Fund

Stagflation and the Limits of Growth

Is there anyone left who doesn’t expect (and fear) a world-wide economic downturn? Maybe I’m too close to my old profession as a dismal scientist. Perhaps I’m obsessive about economic concerns, but I can’t find any optimism among those who tend to ...

From RAY HENDON, Seeking Alpha,  10 Jul 2008
Related Topics: North American Free Trade Agreement

Currency Bundles Pegged to the Dollar

Good news for currency investors looking for bundles of currencies other than the Group of 10!  Last Wednesday, June 18, Barclays Bank finally brought to market two bundled ETNs that have been in the works over a year.  And, each of the currencies in ...

From RAY HENDON, Seeking Alpha,  26 Jun 2008
Related Topics: Asiah Epperson

Who is This?

Help us add to our database, by linking this writer their entry in Wikipedia or Source Watch, or by suggesting that we remove it from our index.

Suggest an Entry

Enter a url from sourcewatch.org or wikipedia.org:


recommend removal

close