deuxsous

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  • Currency Bundles Pegged to the Dollar
    Thanks very much for quickly reviewing PGD. One minor correction: the dividend payments are monthly, as with JEM, and not quarterly. Seeking Alpha's PGD chart shows an indicated annualized dividend of 5.5% but I couldn't verify that or where it came from. The Prospect is silent on anticipated dividends:

    Seemingly PGD will offer both "creeping revalution" for $HK, $SG and CNY, but with the possiblility of an "overnight surprise" revaluation of the Saudi rial and UAE dirham.

    I'm not a big fan of ETN's for their unclear US taxation, but if they pay a decent dividend they are OK for tax-deferred US accounts. there are some exposures it is hard to get in any other way than via ETN's.

    I expect that JEM will be far riskier in any global economic slow down, but perhaps it will be less risky than emerging market equities or local bonds.
    Jun 28 17:43 pm |Rating: 0 0 |Link to Comment |View article

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