Investors shun currency-linked ETF products

NEW YORK - Currency-linked exchange-traded products have fallen victim to the US dollar rally that began at the end of last year, with issuers observing a decline in investors' funds into the products.

Rockville-based Rydex has seen its nine US-listed currency funds shed about 25% in January, to reach $2.2 billion on January 26. The shares, issued as equity, give investors exposure to changes in the value of a designated non-US currency relative to the dollar.

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