i got to thinkin today that the us dollar is goin to see further declines but i could change my mind depending on economic numbers today. i probably wont though because im expecting the numbers to show moderate economic growth at best. i started lookin around for bond funds that whos primary currency risk was the euro. in the process found examples of at least two bond funds that are doin well this year:


Aberdeen Asia-Pacific Income Fund (FAX / AMEX)


MARKET PRICE NAV

YTD: 30.99% 13.94%


this fund yields 8.81%.


it has about a 59% exposure to the austrailian dollar. of course part of the reason the per share price has gone up 31% is the decline in the USA dollar. do you think it pays to know your currency risk?


Aberdeen Commonwealth Income Fund (FCO / NYSE)


MARKET PRICE NAV

YTD: 17.03% 7.78%


ok not 30% but 17% year to date appreciation per share aint to shabby in my book. compare that to the s&p 500. the yield is slightly north of 7%. not a bad total return at all. heres some stats on the currency exposure for this fund.


United Kindom - 29.5%

Canada - 21.2%

Australia - 23.2%

USA - 11.7%


both are closed end bond funds and are traded on the exchanges. do your homework before buyin anthing.