ETFS to unveil 22 currency ETCs

Four of the new products are based on emerging market currencies, while the remaining 18 are GBP-based currency products. ETFS says this is the first time in Europe investors will have access to emerging market currency ETCs, allowing them to go long or short the Chinese renminbi or the Indian rupee. ETFS chief operating officer Nik Bienkowski says: "With today's financial crisis continuing and the poor performance of equities over the past ten years, we've seen that investors are looking for liquid and transparent markets and thus currencies are starting to appear on their radar scre...