The Market Vectors-Double Short Euro Exchange-Traded Note is designed to reproduce the performance of the Double Short Euro Index. As the Index is leveraged, for every 1% weakening of the euro relative to the U.S. dollar, the Index will increase by approximately 2%, while for every 1% strengthening of the euro relative to the U.S. dollar, the Index will decrease by approximately 2%.
Investment type: ETN (Exchange-Traded Note); listed on the U.S. NYSE exchange
Ticker symbol: DRR
Disclaimers:
Information on this website should not be considered to be investment advice. Any ETF can go DOWN as well as up.
Information on this website should not be assumed to be complete or correct. Funds can also change their investment goals. That's why, wherever possible, we provide links to the actual fund sponsor and the exchange on which the fund trades.
Created by Specifica, Inc.: Original content and unique compilation of information are copyright 2010.