Ticker Symbol: PGD
Strategy: This ETN is designed to track the Barclays Global Emerging Markets Strategy (GEMS) Pegged Currency Index. This index is designed to offer investors exposure to a basket of emerging Middle Eastern/Asian currencies (Chinese yuan, Hong Kong dollar, Singapore dollar, United Arab Emirates dirham and Saudi Arabia riyal). While they are not weighed exactly, each of the currencies carries approximately the same weight within the ETN, roughly 20% each.
Related Links:
List of Emerging Market Currency ETFs