Multi currency global assets are important investments that fight inflation.
Yet most investment advisors know little about investing beyond their own borders.
To help our readers direct their advisors better we work with Jyske Bank to provide a real time multi currency portfolio course. See Multi Currency Portfolio Course
Jyske Bank is my investment advisor as well as investment banker. I zero in their advice with that of Michael Keppler the best value analyst I know.
I tend to invest in what Jyske suggests that is in good value markets according to Keppler’s analysis.
I know that many of my readers do this as well…but often hear from others that they cannot meet Jyske’s $50,000 minimum to start. So I am adding some investments that provide a multi currency portfolio for much less to our Multi Currency Portfolio Course.
The first additions are the State Street Global Advantage funds (both major and emerging markets).
State Street is one of the largest fund managers in the world and Keppler is their investment advisor for these funds.
Investors can start with as little as 5,000 euro (about $7,500) in either fund. That’s a pretty small minimum but gives a broad multi currency portfolio. For example the Global Advantage Major Market Fund is diversified in eight countries according to the attached fact sheet, US, Belgium , France , Germany , Italy , the Netherlands , Spain and the Untied Kingdom
Keppler’s good value multi currency equity market recommendations are:
The Emerging Market Global Advantage Fund is invested in Brazil , Korea , Malaysia , Poland , Taiwan , Thailand and Turkey .
Emerging Equity Markets – Brazil , Korea , Malaysia , Poland , Taiwan , Thailand and Turkey
See how it works?
So right now for as little as $15,000 one can have a multi currency portfolio in up to 14 non dollar markets or in other words you would be invested in eight currencies, the euro, pound, and the seven emerging currencies.
One way to buy the Global Advantage Funds is to open an account with State Street Bank Luxembourg (which is free of any charges). This way investors are able to buy the funds without a load (there is a tiny redemption fee of 0.25%, however, which is credited to the Net Asset Value of the funds to protect the existing shareholders from switchers). There is a minimum investment requirement of Euros 5,000 at State Street Bank Luxembourg .
Alternatively, investors can buy the Global Advantage Funds through their local bank (that may be much more expensive – these banks usually charge up to a 5 % Sales load and high custody fees).
Third alternative is to check out local discount banks in the country of the investor’s residence.
One more alternative to save the sales load is to buy the funds on a local stock exchange in Germany . This is treated similarly as a purchase of a stock. There is no sales load, but the price of the fund may deviate from the net asset value. The bank usually charges a commission.
These funds have been going for years and have fulfilled Keppler’s expectations for long term investors. They both beat their benchmarks by 3.2 % annually since inception after deduction of all costs.
Be aware that fund performance is shown in euros on the fact sheets. In USD terms, both funds have more than quintupled since inception.
Additional details are available on the attached fact sheets.
There is one downside. US citizens and residents cannot invest. Sorry my brethren Yankees but our government is protecting us. (Please note the sarcasm dripping here). I am working on a small investment, well diversified portfolio for we gringos so hang on fellow Americans. I’ll let you know as soon as the investment multi currency portfolios for small US investors we can study is set.
Not all is lost for Americans by the way. Our Multi Currency Course is educational so we’ll be learning by tracking these funds even if we can invest directly in them.
P.S. Come visit us in the high Andes where there is great beauty and silent places, such as the high Andes, where we can get away and learn…such as Mt Cotapaxi…this shot was taken by Steve, our man in Ecuador, on a recent fishing trip.
Here’s a cast!
Learn how to read about Steve’s entire fishing trip in the high Andes as an Ecuador Living subscriber at
Join us in Ecuador . Our upcoming 2008 winter courses are:
Jan. 18-23 Spanish Course & RE Tour and Jan. 24-25 2008
Jan. 26-27 Real Estate Tour. https://www.garyascott.com/catalog/ecuador-real-estate
Feb 18-23 Ecuador Import Export Course
Mar 7-9 International Investing and Business Made EZ Ecuador https://www.garyascott.com/catalog/international-business-made-ez-ecuador
Mar 10-11 Imbabura Real Estate Tour
Mar 12-14 Coastal Real Estate Tour