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FYI: (Click On Article Title At Top Of Google Search)
(The author forgot excellent yielding CEF, FAX) The Australian dollar is on the rise, a good sign for commodities. Seven Aussie stocks, two ETFs, and one closed-end fund that could pay off. Regards, Ted https://www.google.com/#q=Bet+On+the+Aussie+Buck+Barron's
Comments
http://www.lelandfunds.com/index.php/currency-strategy-fund/
http://www.lelandfunds.com/wp-content/uploads/2016/04/Leland-Currency-Strategy-Fund-Quarterly-Commentary-2016Q1.pdf
http://www.lelandfunds.com/wp-content/uploads/2016/04/Leland-Currency-Strategy-Fund_Fact-Sheet_2016Q1.pdf
Enter GHCAX in comparison box to compare vs US$$$
https://www.google.com/finance?q=NYSEARCA:UUP&ei=qOcvV-mnH4K0mAHtza24DA
China News Shanghai Composite Index stocks-fall-to-seven-week-low
Chinese imports dropped 10.9%, leaving a trade surplus of $45.6B.Weak domestic and global demand is hampering government efforts to reverse an economic slowdown that dragged growth to a seven-year low of 6.7% in Q1.
http://seekingalpha.com/news/3180933-china-trade-contracts-april
China’s stocks headed for their biggest two-day loss in 10 weeks
..imports dropped for the 18th straight month.
Investor sentiment toward Chinese stocks has turned more bearish as a boom in commodities futures waned and data showed March’s pick up in economic indicators didn’t carry over to April, with manufacturing gauges missing predictions. The Shanghai Composite has lost 20 percent this year, the biggest decline among global benchmark indexes tracked by Bloomberg.
"China’s trade import data in terms of dollars were worse than expected,"
http://www.bloomberg.com/news/articles/2016-05-09/china-s-stocks-fall-to-seven-week-low-as-material-shares-slump
Umm ... Doesn't he mean "invest in"?
I guess I bit on the bet !
GHCAX calls it "the strategy"
A U D
Bought AUD$ / Sold US$
Foreign Exchange Contracts
18.68% of assets as of 3/31
http://www.lelandfunds.com/wp-content/uploads/2016/05/LF-Currency-Fund-March-Holdings-2016.pdf