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Aussie dollar ETFs: ‘Official’ reserve currency status in 2013?

Posted on 22 February 2013

Over the past year, investors continued to look around the world for higher levels of income potential. For some, the decision to allocate to the debt of Australia and New Zealand in 2012 resulted in strong performance compared to U.S. Treasuries.1
But individual investors were not the only market participants looking to diversify their holdings internationally. In fact, central bankers around the world have long allocated a portion of their foreign exchange reserves to Australian assets (such as government bonds)…………………………………….Full Article: Source


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VRS - who has written 34673 posts on Opalesque Commodities Briefing.


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