Skip navigation

CNBC Stock Blog

RSS FEED

» Help

Current DateTime: 12:43:43 25 Nov 2009
LinksList Documentid: 30328029
Every Portfolio Should Have Currencies: Expert
Published: Monday, 18 May 2009 | 11:49 AM ET
Text Size
By: JeeYeon Park
CNBC News Associate

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:

Australian Dollar [$$AUDUSD  Loading...      ()   ]

Canadian Dollar [$$USDCAD  Loading...      ()   ]

New Zealand Dollar [$$NZDUSD  Loading...      ()   ]

“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 [$$EURUSD  Loading...      ()   ],” he said.

Spiropoulos is bearish on:

Swedish Krona

Pound Sterling [$$GBPUSD  Loading...      ()   ]

Swiss Franc [$$CHFUSD  Loading...      ()   ]

Japanese Yen [$$JPYUSD  Loading...      ()   ]

Disclosure:

No immediate information was available for Spiropoulos or his firm.

______________________________

______________________________

Disclaimer

© 2009 CNBC.com
Add This share icon
Text Size
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 03:14:50 24 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 09:37:23 24 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 04:59:27 24 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 07:49:43 24 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters