Euro is the official currency of the European Union. The currency is not used by all of the EU members - 18 of the 28: Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. Euro is the second largest reserve currency and also the second most traded currency in the world. Abbreviation for the euro is the “EUR”. Some of the Exchange Traded Funds specialize in investing in the euro currency. Euro is one of the most liquid currencies in the world. That is why the euro ETFs are the best solution for those investors who wish to gain from the currency's appreciation without entering the futures or forex markets. Euro ETFs are also appropriate to diversify any portfolio. The ETFs do not track an underlying index but they are designed to follow the exchange rate between Euro and the U.S. dollar as closely as possible. The risk of such ETFs is concerned with possible fluctuations in currency exchange rates.
EUR - USD, Euro ETFs on average are in the long-term down -11% in 1 year.
|Symbol||Company Name||Price||Change||Total net assets||Total expense ratio|
|DRR||Market Vectors Double Short Euro ETN||64.63||-0.42%|
|ERO||Barclays PLC iPath EUR/USD Exchange Rate ETN||38.85|
|EUFX||ProShares Short Euro||45.38||-0.22%|
|EUO||ProShares UltraShort Euro||27.46||-0.29%||410.45 M||0.95%|
|FXE||Guggenheim CurrencyShares Euro Trust||101.52||0.16%||0.4%|
|ULE||ProShares Ultra Euro||13.88||0.36%||2.6 M||0.95%|
|URR||Market Vectors Double Long Euro ETN||15.02|