August 24, 2015
Forbes: OIH, CYB: Big ETF Outflows
And on a percentage change basis, the ETF with the biggest outflow was the WisdomTree Chinese Yuan Strategy Fund (CYB)...
What went wrong? It's got Wisdom and Trees and China and Yuan and Fund right in its name! And Strategy too! We like strategy, remember? Makes us all smart and stuff!
It seems like it's been about 5 years since I was contemplating investing my entire nest egg in it. Yes!
May 22, 2010
China's Foul Assets
It's got the safety and return of U.S. money market securities (minus 0.45% annual fund expenses) with the potential risks and rewards of forward currency contracts and currency swaps. What's not to like? I don't know about you, but I can't seem to get enough forward currency contracts and swaps into my retirement nest egg. *sarcasm*
Perhaps the typical CYB investor knows exactly what he or she is doing though.
If the typical CYB investor was looking for a whole lotta nothingburger, then Mission Accomplished! Fear not. It wasn't all just an exercise in futility though. The fund manager strategically got paid, and isn't that all that really matters?
I am also worried about China's Fowl Assets.
ReplyDeleteYou know I love puns! Back at you! ;)
ReplyDeleteChina's Foul Asses