Carry Trade ETF

[Jeff W]

DBV

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Description
Seeks to track the Deutsche Bank G10 Currency Future Harvest Index™ by (1) entering into long futures contracts on the three G10 currencies associated with the highest interest rates, (2) entering into short futures contracts on the three G10 currencies associated with the lowest interest rates, and (3) collateralizing the futures contracts with United States 3-month Treasury bills.

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Any thoughts on the strategy? Because of low correlation with other asset classes, DBV could be a highly useful portfolio addition if it has a real return. I am skeptical that this strategy will yield positive returns at all--the strategy is a bet against interest rate parity.