How To Play Dubai? Short DBV – Features
We now believe that being long the Yuan through the Wisdom Tree Dreyfus Chinese Yuan (NYSEArca: CYB) and short DBV are hedges that are more adequate at this stage of the deleveraging cycle. Consequently, on Monday November 23, 2009, we decided to increase our exposure to a theme that dominates the markets when default risk is greater than inflation risk: the Anti-Carry Trade (AC) theme.