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See Also
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Carry Trade ETF
The "Currency Carry Trade" refers to investing in high yielding currencies with funds financed by borrowing from low yielding currencies. There is currently one currency ETF traded in the US that claims to follows this forex carry trade strategy and it is the iPath Optimized Currency Carry ETN. It is actually an exchange traded note or ETN that is sponsored by Barclays Global Investors and it trades on the NYSE Arca exchange under symbol ICI.
The currencies that this ETF applies the carry trade to are the G10 currencies and they include the U.S. dollar, the euro, the Japanese yen, the Canadian dollar, the Swiss franc, the British pound sterling, the Australian dollar, the New Zealand dollar, the Norwegian krone and the Swedish krona. Below are the currency breakdown of the ICI ETN as provided by Barclays as of 3/16/2009.
Source: Barclays Capital
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