ETFs To Watch As The Chinese Yuan Weakens [Chinese Yuan (CN¥) ⇨ US Dollar ($), WisdomTree Dreyfus Chinese Yuan Fd (ETF), Guggenheim CurrencyShares Chinese Renminbi Trust]

Dreyfus Chinese Yuan Fund (NYSEARCA:CYB)

The fund seeks to achieve total returns reflective of both money market rates in China available to foreign investors and changes in value of the Chinese yuan relative to the U.S. dollar. The fund doesn’t track any particular index.

The fund has lost 0.36% during the last week and is down 1.41% since the start of the year. CYB charges 45 basis points as fees.

CurrencyShares Chinese Renminbi Trust (NYSEARCA:FXCH)

Launched in October 2011, FXCH is also designed to track the performance of the renminbi. The fund charges 40 basis points as fees and manages a small asset base of $8.1 million.

The fund has lost 2.33% in the past one week and is down 1.6% since the start of the year.

This article is brought to you courtesy of Eric Dutram.

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