Author Topic: foreign currency as investments, and a question.  (Read 1788 times)

Offline caverdude

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foreign currency as investments, and a question.
« on: September 05, 2013, 06:35:38 PM »
Anyone thought about investing in any foreign currencies? I'm just wondering  we have this thing called mutual funds for stocks, is there such a thing for currencies? I mean someone who has placed the best 50 of the worlds 350 some odd currencies in a single fund? If so what is that called?

Offline fred.greek

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Re: foreign currency as investments, and a question.
« Reply #1 on: September 06, 2013, 12:15:11 PM »
I'm kind of "down" on mutual funds right now…  but if you wanted to physically hold some small amount of foreign currency, check with you bank.  For example, wells fargo:

https://www.wellsfargo.com/foreignexchange/products


Offline bigbear

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Re: foreign currency as investments, and a question.
« Reply #2 on: September 06, 2013, 12:41:16 PM »
All of the larger fund families have some type of currency fund or foreign currency denominated bond fund.  Here's a quick start.

http://money.usnews.com/funds/mutual-funds/rankings/multicurrency

But defining the 'best 50' is fairly subjective when it comes to future expectations and currency market manipulation.