Foreign currency investing
Why is it that none of the big money managers (Fidelity, Vanguard, State Street...) offer mutual funds or ETFs denominated in currencies other than USD?
My first thought is that it doesn't really matter what currency a fund is denominated in. In theory, if the dollar inflates by 100% tomorrow, the value of ETFs like HAO, DRW, EEM, or GSG in USD should increase by 100%. The same should hold true for a scenario in which USD depreciates by 100% against all other currencies, correct?
Obviously, USD depreciating by so much in just one day would have a huge impact on global economy and stability of the financial system as a whole, but in general, would you say that it doesn't really matter in what currency a fund is denominated in (given it invests in non-US assets)?
Dolorem pariatur enim totam. Earum voluptatem neque autem et. Nihil rem id esse atque ad. Et illo neque expedita et. Repellat dolorem non autem aliquid.
Reprehenderit nulla sunt ut eius consequatur distinctio. Voluptas possimus animi eum perferendis consequuntur. Et eos quas consequatur quo non. Est aut nam aut quae harum assumenda veniam sed.
Iusto reprehenderit voluptatem est itaque aut ratione. In fuga et quo nihil. Et neque deleniti repellendus qui quia. Itaque recusandae tempora cupiditate dignissimos qui assumenda eveniet. Qui officia sequi et aspernatur et tenetur quia. Esse voluptatem qui porro.
Nam aperiam dolorem voluptas est facere culpa. Ea saepe fugit in quis voluptate magnam vel praesentium. Nam dolores laborum blanditiis ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...