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US Wrap: Index funds a popular underlying

Index funds are proving to be a popular underlying for accelerated growth products in the US market, with several different funds making an appearance in the latest issuance.

Among the usual funds used for the products – such as the MSCI Brazil Index Fund and the MSCI EAFE Index Fund – are some new players. The Financial Select Sector SPDR Fund, which seeks to replicate the index of the same name

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