FX-linked investments rise as US dollar weakens

The asset class is now the second-fastest growing in the US after commodities, according to research released by London-based data vendor MTN-i. Foreign exchange tops the table for largest year-on-year increase, with issuance hitting $4.5 billion in 2007.

"The weak dollar has been the theme of pretty much all of these products, whether structured notes, exchange-traded notes (ETN) or certificates of deposits," said Philippe El-Asmar, New York-based head of investor solutions, Americas, at

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