From the desk of Steve Strazza @Sstrazza and Ian Culley @Ianculley
One lesson you learn pretty quickly as a market analyst is that not all assets are created equal.
Each and every financial instrument carries its own unique bundle of nuances… from a stocks’ beta or systematic volatility as well as its residual risk, to the fee structure and rebalancing methodology of an exchange-traded fund or note, to the settlement and delivery procedures governing futures contracts.
All of these things impact the behavior and performance of these various markets.
Today, we’re going to focus specifically on the inner workings of International Country ETFs and the way they are impacted by the currency component inherent in these vehicles.
Let’s dive right into it, starting with last week’s Mystery Chart reveal.