With the dollar beaten down - 7% against the euro and 6% against the yen so far this year - fund companies are offering investors the opportunity to invest in exchange-traded funds that invest in foreign currencies, The Wall Street Journal reports.

Two companies that recently launched currency income ETFs are WisdomTree Investments and Dreyfus. Morgan Stanley’s version is a Euro exchange-traded note.

But Jeff Tjornehoj, research manager at Lipper, dismissed the new funds as “really entering the realm of speculation.”

The staff of Money Management Executive ("MME") has prepared these capsule summaries based on reports published by the news sources to which they are attributed. Those news sources are not associated with MME, and have not prepared, sponsored, endorsed, or approved these summaries.

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