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Several currency ETFs surged in the afternoon, and Golden Eagle Gain Currency ETF hit the limit up.
Jinshi data, February 10th news, several currency ETFs surged in the afternoon, with Golden Eagle Enhanced Currency ETF hitting the limit up and GF Currency ETF rising by more than 7%. It is worth noting that the turnover rate of the above-mentioned currency ETFs is generally not high, but the turnover rate of many of them exceeds 100%. Some analysts believe that unlike stock funds, currency funds do not have elasticity. Currency funds are mainly for obtaining stable income. Currently, the annualized returns mostly do not exceed 2%. Once chasing the market and buying in result in significant losses, it is difficult to make up for the losses from the income for a considerable amount of time.