Inverse ETFs Cash In on Weak Dollar in Q3

The top three exchange-traded funds (ETFs) in terms of return rates listed domestically in Q3 were all inverse leveraged products, or 'gobars', which bet double on the decline of the US dollar.

The KODEX US Dollar Futures Inverse 2X ETF led with a 22.76% return rate, followed closely by the TIGER US Dollar Futures Inverse 2X and the KIWOOM US Dollar Futures Inverse 2X, which took second and third places with 22.49% and 22.39%, respectively.

All three ETFs track -2 times the daily fluctuation rate of the US dollar futures index traded on the Korea Exchange.

The US dollar futures index fell 9.91% from 1,685.61 on June 1 to 1,518.50 on September 30.