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Q: Mutual Funds ( Answered 4 out of 5 stars,   0 Comments )
Question  
Subject: Mutual Funds
Category: Business and Money > Finance
Asked by: areicher-ga
List Price: $20.00
Posted: 04 Dec 2003 12:09 PST
Expires: 03 Jan 2004 12:09 PST
Question ID: 283546
I would like contact information for mutual funds designed to go up in
value when the value of the U.S. dollar declines (relative to the Euro
and other major currencies).
Answer  
Subject: Re: Mutual Funds
Answered By: juggler-ga on 04 Dec 2003 15:27 PST
Rated:4 out of 5 stars
 
Hello.

The following articles provide a good explanation of the type of
investments that are designed to go up in value when the U.S. dollar
declines:

"Declining dollar makes foreign investments lucrative," source sptimes.com
http://www.sptimes.com/2003/03/30/Business/Declining_dollar_make.shtml

"A Strong Play On A Weak Dollar," Forbes.com
http://www.forbes.com/2003/06/06/cz_mm_0606sf.html

-----

Here are the funds mentioned in the articles:

"Franklin Templeton Hard Currency Fund (ICPHX)
Franklin Templeton Hard Currency Fund seeks to protect against
depreciation of the U.S. dollar relative to other currencies. The
portfolio invests exclusively in high-quality money-market instruments
denominated in three or more currencies. The advisor looks for
currencies experiencing low inflation that may appreciate against the
U.S. dollar. The portfolio seeks to maintain 100% foreign-currency
exposure (non-U.S. dollar). This fund is non-diversified.
contact:
Franklin Templeton Hard Currency A
One Franklin Parkway San Mateo, CA 94403
Phone: 800-342-5236
source: Yahoo Finance
http://finance.yahoo.com/q/pr?s=icphx
Web site:
http://www.franklintempleton.com/retail/jsp_app/products/fund_facts.jsp?fundNumber=412


"American Century International Bond Fund (BEGBX)
American Century International Bond Fund seeks total return. The fund
normally invests at least 65% of assets in government bonds rated AAA
or of comparable quality. The average maturity ranges between two and
10 years. The fund may invest in debt issued by governments of the
following countries: Austria, Belgium, Denmark, Finland, France,
Germany, Italy, the Netherlands, Norway, Spain, Sweden, Switzerland,
the United Kingdom, Japan, Canada, United States, and Australia. This
fund is non-diversified."
contact:
American Century International Bd Inv
4500 Main Street P.O. Box 419200 Kansas City, MO 64141-6200
Phone: 800-345-2021
source: Yahoo Finance:
http://finance.yahoo.com/q/pr?s=begbx
Web site:
http://www.americancentury.com/funds/fund_facts.jsp?fund=992


"T. Rowe Price International Bond Fund
T. Rowe Price International Bond Fund seeks income and capital
appreciation. Normally, the fund will invest at least 80% of net
assets in bonds and65% of total assets in high-quality (AA or better)
foreign bonds. It may invest up to 20% of assets in below investment
grade, high-risk bonds, including those in default or with the lowest
rating. The advisor actively manages its maturity structure based on
interest-rate trends for each country. This fund is non-diversified."
contact:
T. Rowe Price International Bond 
100 E. Pratt Street Baltimore, MD 21202
Phone: 800-638-5660
source: Yahoo Finance:
http://finance.yahoo.com/q/pr?s=RPIBX
Web site:
http://www.troweprice.com/common/indexFundFacts/0,0,ticker=RPIBX,00.html?scn=Fund_Information&rfpgid=retailhome


Templeton Global Income Fund Inc (GIM)
"Templeton Global Income Fund, Inc. (the Fund) is a closed-end,
non-diversified investment company. The Fund seeks high income, with a
secondary objective of capital appreciation. Under normal market
conditions, it invests primarily in a portfolio of debt securities of
United States and foreign issuers, including emerging markets.
Franklin Advisers, Inc. and Franklin Templeton Services, LLC serve as
the Fund's investment manager and administrative manager,
respectively. The Fund's fundamental investment policy is to invest at
least 65% of its total assets in at least three different countries
(one of which may be in the United States) in one or more
investments."
Contact:
Templeton Global Income Fund Inc
100 Fountain Parkway, P.O. Box 33030
Fort Lauderdale, FL 33733
Phone: (954) 823-8712
Fax: (954) 463-1531
Web Site:
http://www.franklintempleton.com/

PIMCO Strategic Global Government Fund,
 The primary investment objective of RCS is to generate a level of
income that is higher than that generated by high quality,
intermediate term U.S. debt securities. As a secondary objective, RCS
seeks to maintain volatility in the net asset value of the shares of
the Fund comparable to that of high quality, intermediate term U.S.
debt securities. In addition, the Fund seeks capital appreciation to
the extent consistent with its other investment objectives.
contact:
Pacific Investment Management Company
840 Newport Center Drive, Suite 300
Newport Beach, CA 92660
USA
TEL 866-746-2602*
web sites:
http://www.rcsfund.com/
http://www.pimco.com/


As mentioned in the articles, international bond funds in should
likely benefit from a declining dollar. Here are more top World Bond
Funds, courtesy of Yahoo Finance:
http://biz.yahoo.com/p/tops/ib.html

---------

search terms:
"declining dollar", "mutual funds", investments
"weak dollar"," euro, "currency fund"

I hope this helps.
areicher-ga rated this answer:4 out of 5 stars
good information.  much appreciated.

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