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Article: Morgan Stanley Launches Double Long and Short Euro Exchange-Traded Notes.
- Article from:
- Business Wire
- Article date:
- May 7, 2008
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Van Eck Global Named Exclusive Marketer
NEW YORK -- Morgan Stanley announced today that it will issue two exchange-traded notes, Market Vectors-Double Long Euro ETN (ticker: URR) and Market Vectors-Double Short Euro ETN (ticker: DRR), which will be traded on NYSE Arca. The exchange-traded notes (ETNs) seek to provide leveraged directional exposure to the euro/U.S. dollar exchange rate, and are the first Market Vectors leveraged index products.
The Double Long Euro ETN (URR) is designed to offer an investable alternative to a two-times leveraged, long investment in the euro. The underlying index is the Double Long Euro Index (ticker: DLONGEUR), which was ...