New Currency Funds

Though Morningstar recommends against these funds ("Seven Investments You
Don't Need" - see #7 -
), there are
several new ones this year.

Ed has mentioned ProFunds Rising US Dollar and Falling US Dollar Funds:


There is now Merk Hard Currency Fund:


Rydex Strengthening Dollar and Weakening Dollar Funds:


Potomac Dollar Bear:


and a Bloomberg article on this type of fund (specifically looking at
Templeton's fund):

(another Morningstar comment in this article: "Going into a currency fund
for most people is akin to gambling.")

Pick the amount of leverage you want, the direction you think the dollar is
going, and place your bets ...

--
Mark Freeland