has raised expense ratios on two of its U.S. dollar-indexed ETFs. As of last Monday, January 4, expense ratios on the PowerShares DB U.S. Dollar Index Bullish Fund
and PowerShares DB U.S. Dollar Index Bearish Fund
have increased from 50 to 75 basis points. The change is noted on the funds' website
The Dollar Index Bullish fund holds around $3 billion in assets, and is increasing in popularity alongside the increasing strength of the dollar. The fund's Bearish counterpart is tooled to perform well with a weak dollar. It holds around $290 million in assets.
The Wall Street Journal
also picked up the story in a Fund Track piece
about currency-exposed ETFs.
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