Exposure to $ currency through ETF

[BatForcePC]

Hi,
I hold a fair bit of US Stock through the AXA Framlington American Growth Fund.

I want to sell some of my holding as I think the US Stock Market is over priced (my opinion!). However, I want to hold some US Dollars as I think the whole Greece thing is going to push gold and the dollar up -maybe sterling too but the election is a whole level of uncertainty there!

Is there an ETF or fund that I can purchase through my ISA that fulfils this desire?

Thoughts welcomed!

BF

[BatForcePC]

Thanks Kelvin - yes UK based and GBP is my functional currency. I'm weighing up ETF's versus Goverment bonds at the moment, not sure I can hold the ETF's in my ISA which is where the majority of my trading occurs.

Judging by your login name, I assume you and I compete in similar pastimes!

[BatForcePC]

walm said:

The ETF "GLD" tracks the price of Gold in USD.
https://www.google.com/finance?q=NYSEARCA%3AGLD&am...

So if the USD rises vs the GBP you will make positive GBP P&L. (When you cash it in you will get more GBP for each USD.)
And if gold rises in dollar terms then obviously you will make positive P&L too. (When you cash it in, you will have more USDs.)

Two birds, one stone!

Also GLD is available in a HL ISA IIRC.

Interesting. I already have exposure to Gold through ETFS Metal Securities Ltd (PHAU). Maybe I should have a closer look a that - I seem to remember it's tracking gold in USD.

Thanks for the reply.

[BatForcePC]

pilbeam_mp62 said:

Well, I haven't competed for a couple of seasons, but you are right ! I have had that login for many years, and after the Pilbeam I competed in a Gould GR37, and most recently a Westfield. Best of luck to you this season !,

We too have sold our Pilbeam, methanol, changing ratios every week was all too much when the kids arrived. Bought a Force thinking it would be less work...oh how wrong! Racing cars eh?! Best of luck for you season too. We're out at Harewood in a couple of weeks and then Loton the week after, do come and say hello if you are too.

Morgan