Every Portfolio Should Have Currencies: Expert
Currencies make a lot of sense in a diversified portfolio and many investors are missing the boat when it comes to the currency market, said Bill Spiropoulos, CEO of CoreStates Capital Advisors.
“It’s a $2.5 trillion a day market. So find talented traders and everyone should have exposure in that space,” Spiropoulos told CNBC.
“We like to stick to the G-10 currencies,” he said.
Spiropoulos is bullish on:
New Zealand Dollar
“We like the energy-backed countries,” he said of the currencies. “I think that’s where you’re going to see a fair amount of action. The energy complex looks a lot stronger and a lot higher as you come out of the great depression of ’08.”
“It’s not one of my favorite currencies but you could be long on the euro ,” he said.
Spiropoulos is bearish on:
No immediate information was available for Spiropoulos or his firm.