Guggenheim Yuan Bond ETF
As China's hegemony grows, it is faced with an interesting dilemma concerning its currency manipulation policies. The Chinese government has long kept the value of the yuan at artificially low levels to give its exports a significant competitive advantage in their host countries, a development which has helped catalyze the rise of China as the world's top exporter.
However, the hubris and increasing confidence with which the Chinese more »
Among the many things that were on the table at the recently finished ASEAN Summit in Phnom Penh was an expansion of the Chiang Mai Initiative fund of foreign exchange reserves to defend against currency speculation of any one member. China, Japan and Korea are also contributors to this fund. Together they make up the ASEAN+3 bloc. The thirteen member group has proposed expanding the size of the fund more »