Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
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.
Comments
Regards,
Ted
M* Currency Fund Category Returns: http://news.morningstar.com/fund-category-returns/multicurrency/$FOCA$CR.aspx
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.