Here is an update on the performance of the Chinese Yuan Carry Trade Basket. The experiment was started with a base of $100,000 on March 20, 2007.
Since Inception:
Increase (decrease) in Account Balance: $2,646.52
Increase (decrease) in Unrealized Gains: $9,830.41
Increase (decrease) in Net Asset Value: $12,476.93
Total Portfolio Value: $112,476.93 +12.48%
Since Last Update on April 7, 2007 (One Week):
Increase (decrease) in Account Balance: $791.08
Increase (decrease) in Unrealized Gains:$3,830.41
Increase (decrease) in Net Asset Value: $4,621.49
The basket has been the beneficiary of deteriorating fundamentals of the US Dollar. All the positions in the basket are in profit, except for the the USD/CNY positions, which is our carry trade borrowing currency. Please check back for further updates at a later time. Please post any questions you may have.
