|
|
Article: Morgan Stanley Launches Chinese and Indian Currency Exchange-Traded Notes.
- Article from:
- Business Wire
- Article date:
- March 17, 2008
CopyrightCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Van Eck Global Named Exclusive Marketer
NEW YORK -- Morgan Stanley announced today that it will issue two exchange-traded notes, Market Vectors-Chinese Renminbi/USD ETN (NYSE Arca:CNY) and Market Vectors-Indian Rupee/USD ETN (NYSE Arca:INR), which will be traded on NYSE Arca. The exchange-traded notes (ETNs) are the first to provide convenient exposure to the Chinese and Indian currencies.
The ETNs are issued by Morgan Stanley and New York-based investment manager Van Eck Global is the exclusive marketer. The benchmark currency indices underlying the notes are calculated and maintained by Standard & Poor's.
Market Vectors Currency ETNs are ...