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The ETF: Market Vectors Double Long Euro ETN (URR)
All ETFs > Commodity ETFs > Currency ETFs > European Currency ETFs > Euro ETFs
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Market Vectors Double Long Euro ETN
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%.
The ETF Tracks This Index:
This fund is based on the Double Long Euro Index (DLONGEUR). You cannot buy shares in the index directly.