Every week, Benzinga conducts a survey to collect sentiment on what traders are most excited about, interested in or thinking about as they are managing and building their personal portfolios.
What Are Currency ETFs?
ETFs are exchange-traded funds. An ETF is an investment fund that trades on a stock exchange along with stocks for individual companies.
For example, the Invesco QQQ Trust Series 1 (NASDAQ: QQQ) is an ETF that represents 100 of the largest companies by market capitalization on the Nasdaq.
Currency ETFs give investors the ability to trade the currencies of countries around the globe. Currency exchange-traded funds are popular with forex investors and those keen on the political stances of nations and interest rates.
Given the UUP ETF is long the US Dollar, UUP in turn shorts those nations that have trade relations with the U.S., such as the Canadian dollar and Japanese yen.
This week we posed the following question: over the next five years, which currency ETF will have the largest percentage gain?
- Invesco DB US Dollar Index Bullish Fund
- Invesco CurrencyShares Euro Currency Trust
- Invesco CurrencyShares Japanese Yen Trust
Best Currency ETF
A majority of respondents, 53.5%, told us the Invesco DB US Dollar Index Bullish Fund would be the currency ETF that sees the largest gain by 2025.
25.6% of readers said the Invesco CurrencyShares Euro Currency Trust, an ETF that tracks the price of the euro, would experience the largest gain over the next five years.
Respondents were the least confident on the future of the Invesco CurrencyShares Japanese Yen Trust, which received 20.9% of the support in this week’s study.
Learn FOREX Trading In 2020
We at Benzinga believe it’s important to be pragmatic when it comes to finding ways to make the most of your hard-earned money.
If you or someone you know is looking to learn a new skill in investing, let Benzinga be your guide on forex trading.
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.