Fund action - Monday, July 21, 2008

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PANDORA'S PORTFOLIO - Currency ETFs. July 21, 2008

It seems that lately everyone wants in on currency exchange-traded fund action. Wisdom Tree and Barclays Global Investors recently launched currency ETFs and last week Rydex Investments announced it would launch four currency ETFs that focus on Hong Kong, Singapore, Russia and South Africa. So far no firms have been speculative enough to launch a currency ETF based on the Zimbabwean dollar. Count yourself lucky volatility-hating investors!
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