Given the recent strengthening trend of the yuan, investors may want to consider ETFs with exposure to the Chinese currency, as they may stand to reap short-term benefits from effects of the U.S. presidential election or long-term gains as China works through current challenges, according to an article on Zacks.
Despite the numerous issues hampering the growth of China’s economy, the yuan recently reached a nearly 20-year high of 6.28 against the dollar, the article said.
For those looking for low-risk exposure to China’s yuan, consider the following ETPs:
- WisdomTree Dreyfus Chinese Yuan Fund (NYSEArca: CYB)
- Market Vectors Chinese Renminbi/USD ETN (NYSEArca: CNY)
- CurrencyShares Chinese Renminbi Trust (NYSEArca: FXCH)
To read more, go to Zacks.com.