The Inverse Euro ETFs are a great investment since the Euro has been losing value now for months. There are two an investor can choose from. There is the Market Vectors Double Short Euro ETN (DRR) and the ProShares UltraShort Euro ETF (EUO). The below figures are for June 9, 2010.
The DRR is currently trading at $58.83 a share. The average trading volume per day is 45K and the expense ratio is only 0.65%. YTD of this ETN is up 41.69%. The one day return is 1.08%, the one week return is 6.38% with a one month return of 13.97%. This ETN works very simply. For every 1% the Euro loses against the US dollar, this investment rises 2%.
The EUO has a share price of $26.26. The average trading volume is 594k with an expense ratio of 0.95%. The YTD return of the ETF is at 40.43%. The one day return is -0.49%. The one week return is 4.70% and the one month return is at 13.19%. This ETF increases in value by 2% for every 1% the Euro loses against the US dollar.
If thinking about ETF investing in either of these funds, it is a good place to make a quick profit. As the Euro countries keep faltering under their heavy debt, the decline of the Euro will continue. First it was Greece, now Spain, Portugal, and Hungry are all floundering with heavy debt.
As the austerity measures are being put into place, more countries could feel the heat of the devalued Euro along with a worsening credit rating. The best time to be invested in one of these ETFs is if one of the major counties, like Germany, reverts back to their native currency. Then the Euro will fall dramatically.
This is why the Inverse Euro ETFs were invented, to capitalize on the failure of the Euro.
For additional resources about ETF on this website, please view India ETF Investing.
If you would like other investing news from Janus, then please try Janus Smart Portfolios on our sister site, topperformingmutualfunds.net, and Best Performing Fidelity Funds 2010 on mutualfundexplorer.com
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