Morgan Stanley launches double long and short ETNs

The Double Long Euro ETN offers a two-times leveraged long investment in the euro, based on the Double Long Euro Index developed by Morgan Stanley and maintained by Standard & Poor’s. For every 1% that the euro strengthens relative to the US dollar, the level of the index will increase by 2% as it is two-times leveraged. Conversely, for every 1% that the Euro weakens relative to the US dollar, the index decreases by 2%.

Similarly, the Double Short Euro ETN offers two-times leveraged short

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