The Market Vectors-Double Long Euro Exchange-Traded Note is designed to reproduce the performance of the Double Long Euro Index. As the Index is leveraged, for every 1% strengthening of the euro relative to the U.S. dollar, the Index will increase by approximately 2%, while for every 1% weakening 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: URR
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