Morgan Stanley offers new currency ETNs

The Chinese note offers exposure to the S&P Chinese Renminbi Total Return Index, giving exposure to the exchange rate between the currency and the US dollar. The index tracks the performance of rolling investments in short-term futures contracts in the Renminbi. The rupee note is linked to the S&P Indian Rupee Total Return Index, which is calculated using the same methodology.

“To date, accessing these currencies has been cumbersome and costly,” says Jan Van Eck, principal of Van Eck Global,

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