The iPath Optimized Currency Carry Exchange-Traded Note adopts an innovative strategy to enable investors to capture returns from foreign currency markets. The index is designed to approximately reproduce the total return of an "Intelligent Carry Strategy," investing in high-yielding currencies with the exposure financed by borrowings in low-yielding currencies sometimes referred to as the "carry trade." The index is limited to the pool of G10 currencies.
Investment type: ETN (Exchange-Traded Note); listed on the U.S. NYSE exchange
Ticker symbol: ICI
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