WPM - UUP: The Safehouse

• UUP is the Invesco USD Index Bullish Fund and holds long currency futures positions against the euro, yen, GBP, Canadian dollar, Swiss franc and Swedish krona.
• UUP offers low volatility and minimal downside while in my opinion, potential for 10%+ capital appreciation.
• It can be used as a hedge against a stock or bond market drawdown as well as to hedge currency depreciation risk on foreign equity holdings.
• Higher UST bond issuance combined with a projected Fed taper should likely place upward pressure on US yields increasing the appeal of USD's relative to other currencies.

For further details see: