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Direxion Launches Long/Short Global Currency Fund

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  • edited October 2013
    No. Just no. I wish they'd stop putting out these currency mutual funds.
  • Reply to @scott: I agree. Great Returns, NOT !
    Regards,
    Ted
    M* Currency Fund Category Returns: http://news.morningstar.com/fund-category-returns/multicurrency/$FOCA$CR.aspx
  • I don't agree with some regarding alternative funds, but l/s currency mutual funds cannot keep up with the rapid movement of currencies and I don't see why I would want to invest in currencies as anything but a trading vehicle (ET) - and I'll leave that to currency traders. A mutual fund is just not going to be nearly nimble enough to trade currencies well over the long or short term.

    Axel Merk - who is an intelligent investor - came out with Merk Absolute Return Currency Fund. It's down since 2009:
    http://finance.yahoo.com/echarts?s=MABFX+Interactive#symbol=MABFX;range=5y

    The retail investor should be diversified in terms of their equity exposure globally. These global currency trading funds however do not work.
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