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The Canadian Investor
3 Under the Radar Canadian ETFs
Aug 22, 2024
Discover the fascinating world of the Japanese yen carry trade and its recent market impact. Learn about new Ethereum ETFs and their initial inflows. Delve into three lesser-known Canadian ETFs that could enhance your portfolio. Explore the nuances of fee structures and their significance for fund managers. Understand the differences between all-in-one ETFs and their performance variations, particularly the innovative strategies behind factor-based investing. The insights on market volatility and Canadian investment strategies are especially eye-opening!
48:04
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Quick takeaways
- The Japanese yen carry trade has introduced significant market volatility, exacerbating declines due to investor panic over currency fluctuations and economic uncertainties.
- The launch of new Ethereum ETFs offers investors an easier way to access cryptocurrency investments, but high fees are impacting initial asset growth.
Deep dives
Understanding the Japanese Yen Carry Trade
The Japanese yen carry trade involves borrowing money in Japanese yen at low interest rates and converting it to invest in higher-yielding assets in the U.S. This strategy relies on three key factors: Japanese interest rates, the strength of the yen, and returns on the investment itself. A significant drop in the yen’s value means investors have to convert more dollars back to yen for loan repayment, negatively affecting returns. A recent 11% surge in the yen's strength has raised concerns among investors, leading to a panic sell-off of U.S. equities as they scramble to cover their loans.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode