Currency exchange-traded funds (ETFs), which mirror the movements of the currencies that they profess to track, have witnessed a spike in popularity over the last year. Sitting at the crossroads of two of the most popular trends in capital markets-forex and ETF’s- these innovative investment vehicles are being praised for the access they bring to forex markets, by enabling retail investors to become involved in currency markets. In fact, currency ETF’s have attracted over $1 Billion in assets, spread across seven different funds. Some funds even pay dividends, based on interest rates specific to the currencies they track. The Motley Fool reports:

Giant institutional investors, such as banks and brokerages, have traditionally dominated the currency markets. Now individual investors can play in this market, too. Just be wary of the risks that come with it.

Read More: The ABCs of Currency ETFs