1-Star ETFs Poised to Plunge: CurrencyShares Australian Dollar Trust?
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, CurrencyShares Australian Dollar Trust has received the dreaded one-star ranking.
With that in mind, let's take a closer look at FXA and see what CAPS investors are saying about the ETF right now.
Total Net Assets
Seeks to track the price of the Australian dollar, net of trust expenses.
1-Year / 3-Year / 5-Year Returns
5.6% / 8% / 7.1%
iShares MSCI Australia Index
Sources: S&P Capital IQ and Motley Fool CAPS.
On CAPS, 35% of the 43 All-Star members who have rated FXA believe the ETF will underperform the S&P 500 going forward.
I don't typically, if ever, invest over short-term time horizons and not much shorting. But I read about [Goldman Sachs' ] favorite trade idea for 2013 being short the AU dollar (and long Norwegian Krone). This is not any kind of recommendation though, more of something fun to watch and trade.
If you want market-thumping returns, you need to protect your portfolio from any undue risk. Luckily, our special report on ETFs highlights three funds that are poised to soar in the next recovery. It's 100% free, but it won't last forever, so click here to access it now.
Want to see how well (or not so well) the stocks in this series are performing? Follow the TrackPoisedTo CAPS account.
The article 1-Star ETFs Poised to Plunge: CurrencyShares Australian Dollar Trust? originally appeared on Fool.com.Brian Pacampara has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.