As investors abandon stocks and precious metals, the US dollar has rallied.

UUP

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The PowerShares DB US Dollar Bullish Fund (UUP) is up over 3% in the past 3 months compared to a 11% decline in equities over the same time period.

According to the Wall Street Journal, investors pulled some $92 billion out of stock funds in the developed markets during the three months through August.  The trend continued in September with $25 billion exiting stock funds in the first three weeks of the month.

Gold ETFs have also been hit hard by the pull back with SPDR Gold Shares (GLD) declining from $183 to $160 in the first three weeks of September.

UUP tracks the DB Long USD Futures Index which is composed solely of long USDX futures contracts. The expense ratio for the $1.6 billion ETF is 0.75%.

For more ways to invest, see the complete list of currency ETFs.

– ETF MarketPro Staff
September 26, 2011