As part of CCI's new year resolution to more actively mange/hedge the portfolio of global country funds, CCI established a short-term position for hedging purposes in the double short European ETF (EPV) today. Bought at $41.90 after commissions.
Aside from the longer-term less than optimistic picture of Europe, this position was taken with the thought the whatever comes out of the latest European meetings in the next few days will be disappointing to the market.
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