Commodities-Fueled Currencies Driven to Subtraction
Any investor worried about the global economic outlook will want to steer clear of ETFs based on currencies whose performance tends to track global growth, and stick to those that are plays on tried-and-true currency safe havens.
That means staying away from most Asian currencies, as well as those from countries whose economies depend heavily on commodity exports.
Better choices are ETFs based on solid currencies like the dollar, the yen, and to a lesser extent, the Swiss franc.
Here's a trio of funds to anchor a bearish portfolio for the risk-off investor.