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From Jan. 2000 - Dec. 2009 ("lost decade"), international equities outperformedI certainly don't know where the bottom is, but international equities look cheap, especially given the outsized gains of the US dollar. I nibbled at FNDF, even though I doubt international equities will be big winners. Mean reversion is my hope.
The prospectus also states that the interest rate it receives could drop below zero, so in theory the net expense ratio could exceed 0.40%. Though the annual report shows that it has never earned less than 0% interest and has been paid as much as 0.35%/year (mid 2018 through end of 2019).Neither the Shares nor the Deposit Accounts and the British Pounds Sterling deposited in them are deposits insured against loss by the FDIC, any other federal agency of the United States or the Financial Services Compensation Scheme of England
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