When reviewing the top 10 rated exchange-traded funds and notes this month, an obvious theme emerges. As the U.S. dollar erodes in value, nine of the 10 funds directly benefit.
The U.S. Dollar Index compares our "greenbacks" to a basket of six major world currencies, and shows that we have lost 11.45% in the last year. Even after fractionally positive months of April and May, the year-to-date loss is 4.98%. The May 31 reports of shrinking industrial production and nonfarm payrolls coincided with CPI inflation running at 4.2% in the United States.
All of the top 10 funds received A+ ratings for the period ending May 31.
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