As returns on market increase, returns on owning CurrencyShar are expected to decrease at a much smaller rate. During bear market, CurrencyShar is likely to outperform the market.
Good diversificationOverlapping area represents amount of risk that can be diversified away by holding CurrencyShares Canadian Dollar and equity matching GSPC index in the same portfolio
CurrencyShar Price and Market Media
The median price of CurrencyShar for the period between Fri, Apr 19, 2013 and Sun, May 19, 2013 is 98.31 with a coefficient of variation of 0.8. The daily time series for the period is distributed with a sample standard deviation of 0.79, arithmetic mean of 97.99, and mean deviation of 0.69. The ETF received some media coverage during the period.
CurrencyShares Canadian Dollar Trust [FXC] is traded in USA and was established in June 20, 2006. The fund is classified under Currency category within Guggenheim Investments family. This fund currently have 455.19 M in assets under management (AUM). CurrencyShares Canadian Dollar Trust is currenly generating return of -2.2% with the current yeild of 0.13%, while the total return for the last 3 years was 6.78%.
CurrencyShares Canadian Dollar Trust is rated # 3 ETF in net asset as compared to similar ETFs. Total Asset Under Management (AUM) of Currency category is currently estimated at about 3.26 Billion. CurrencyShar retains roughly 455.19 Million in net asset claiming about 14% of ETFs in Currency category.
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