November 17, 2009
Going through the FT's original post on exchange traded currency notes, I saw a couple of sentences that really bothered me. One thing we do not need right now are witch hunt statements without basis (a point especially compounded by the fact that the FT completely misunderstood how these products worked, even as they wrote [...]
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November 17, 2009
Following the lead of an FT article last week, FT Alphaville went exploring ETC's (exchange traded currencies) and noted (emphasis mine): As for the investor... it means a potential upside scenario of receiving all of the performance of a currency index, for relatively low management fees, but without any interest or dividend (no carry trade here [...]
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