Financial
independence currency allocation:
Currency
|
October 2011
|
June 2012
|
February 2013
|
June 2015
|
December 2015*
|
EUR
|
26.5%
|
25%
|
13%
|
68%
|
93%
|
GBP
|
50%
|
41%
|
30%
|
29%
|
0%
|
RUB
|
21.6%
|
18%
|
14%
|
7%
|
7%
|
USD
|
1.9%
|
15%
|
43%
|
0%
|
0%
|
*Aspired
I wish I could have
more direct exposure to USD, however Western European banks do not allow direct
exposure to the USD. A lot of the EU brokerage firms excluding products trading
on the US exchange rates as these are
non-AFM (Authority for the Financial Markets) registered investment funds. AFM.
This is responsible for supervising business conduct, which focuses on
providing:
- Orderly and
transparent financial market processes;
- Transparency
between market participants;
- Due care in the
treatment of customers.
So they excluded
Vanguard S&P 500 and Emerging markets sold in US on the USA exchanges. I
think they are doing it to reduce US tax entanglements with these.
Many EU brokerage
funds removed products listed on the stock exchanges in Israel, South Africa,
New Zealand and Russia.