I am interested in in investing in chinese Yuan, I have only found wisdomtree's Etf does any one have any? - wisdomtree etf
Other ideas on how to invest it in a foreign currency?
Thanks
Friday, January 8, 2010
Wisdomtree Etf I Am Interested In In Investing In Chinese Yuan, I Have Only Found Wisdomtree's Etf Does Any One Have Any?
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1 comments:
Want to speculate on the Chinese yuan, or to put their money into investments in China?
When you get to speculate on the exchange rate of Chinese yuan, to a foreign currency account with an online broker that the Chinese yuan and the currencies in its list will open. OANDA.com is a corridor to be used to change parts and you can trade USD / CNY (Chinese Yuan vs can dollar) pair.
As currency traders, non-commercial CNY as the difference between purchase price and sales are too steep - 100 pips. I prefer Hong Kong Dollar (USD / HKD) to the place where the spread of trade, only 5 points maximum.
If you want to invest in assets in China, ETFs are as good as anyone else. You can have several of them in Yahoo and Google Finance.
Hope this helps.
- Jim http://jsforex.blogspot.com
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