There are many ways to invest in other currencies. On this occasion, we will discuss investment in foreign currency through an investment fund.

And indeed, the investment is very simple: buying shares in investment funds denominated in another currency. This obviously requires actual knowledge that there is a risk of significant change besides the typical risk of the investment.

According to Morningstar, the most profitable category in early May between the mutual funds that owned bonds in different currencies was the pounds, with 7.80% revaluation, followed by U.S. dollars, with the 5.06%.

By contrast, returns were the worst of bond funds in Swiss francs (-0.6%) and bonds in Japanese

Out of the five major world currencies, Scandinavian crowns of Sweden and Norway have been exposed as a good investment. Mutual funds that accumulate in SEK bonds have a cumulative return in 2009 of 3.08%, while NOK nominees hold a yield of 14%.

The reasons? The rise in the value of these currencies against the euro, which makes the NAV of investment funds get on the compass of them.

But beware: the euro has lacked a strong trend over the past six months, increasing the risk of exchange rate. This implies that, as has happened with the yen, the fund value will depreciate the value of the parallel currency origin.