Emerging market ETFs booming
The products will track the Hong Kong dollar, Russian rouble, Singapore dollar and the South African rand, according to market sources.
Emerging market currency-linked exchange traded products were the top performers in July, with WisdomTree's South African Rand ETF returning 7.64%. The ETF, launched on June 25, gained a total net asset value of $2.7 million within five days. The dollar dropped 5.40% against ZAR in July, after the South African Reserve Bank announced in June that it would
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