Is there a way to invest in the S&P 500 but denominated in Japanese Yen or Swiss Francs?

[Anonymous]

Just trying to preserve my investment's value as the dollar drops in relation to Europe and Asia.

[Anonymous]

Anonymous wrote:Just trying to preserve my investment's value as the dollar drops in relation to Europe and Asia.

Why not demarcate it in Vietnamese dong? It's a more stable currency pair with USD and if you have kids <10 they will think it's hilarious as well.

[Anonymous]

Are you planning on retiring in Europe?

[Anonymous]

Why not increase your currency diversification even further and just put maybe half your money into an international ETF that is unhedged?

[Anonymous]

Why would you do t

[Anonymous]

...that? The S&P is denominated in dollars.

[Anonymous]

Why the Yen? Japan has been fooling around with the same kind of loose monetary policy as the U.S., causing similar instability and weakness in their currency and a junk run-up in the Nikkei over the past 5 years. I guess they got tired of waiting around for a real rally so they made one up by copying our homework.

[Anonymous]

Why would you do this?

[Anonymous]

I am sure there is a JP product, priced in yen, that tracks the SP500 that you can purchase on the JP exchange, similar to the foreign country funds that trade here on the NYSE. They will of course take your yen and promptly convert to it to US dollars to make the SP500 buy. (Reverse on the sell). So you will go through the currency translation twice, incurring the associated fees.

But technically, you can tell your friends you invested in the US market using JP yen. I am sure they will be impressed.

[Anonymous]

Anonymous wrote:I am sure there is a JP product, priced in yen, that tracks the SP500 that you can purchase on the JP exchange, similar to the foreign country funds that trade here on the NYSE. They will of course take your yen and promptly convert to it to US dollars to make the SP500 buy. (Reverse on the sell). So you will go through the currency translation twice, incurring the associated fees.

But technically, you can tell your friends you invested in the US market using JP yen. I am sure they will be impressed.

Thanks, I'll try this.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I am sure there is a JP product, priced in yen, that tracks the SP500 that you can purchase on the JP exchange, similar to the foreign country funds that trade here on the NYSE. They will of course take your yen and promptly convert to it to US dollars to make the SP500 buy. (Reverse on the sell). So you will go through the currency translation twice, incurring the associated fees.

But technically, you can tell your friends you invested in the US market using JP yen. I am sure they will be impressed.

Thanks, I'll try this.

Yeah, I think you've found the secret. This is what the smart money is doing.

[Anonymous]

Are you well off? Or is this your nest egg?

[Anonymous]

I guess the only good thing is the OP isn't trying to use leverage in the forex markets with their great investment hypothesis.

[Anonymous]

Are you looking for a carry trade?

[Anonymous]

Anonymous wrote:Are you looking for a carry trade?

I am looking to preserve capital and increase returns in an environment where the dollar is being devalued but US companies continue to overtake ex-US ones in the race for global capital. 🥸