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The iShares family of exchange-traded funds announced that it will be introducing three new Exchange Traded Notes for the currency market. The trio are expected to begin trading on the New York Stock Exchange on or around May 9th. To date, Rydex is the family of ETFs most associated with foreign currency ETFs
The ETNs to be available later this week are the:
iPathSM JPY/USD Exchange Rate ETN (JYN)
iPathSM GBP/USD Exchange Rate ETN (GBB)
iPathSM EUR/USD Exchange Rate ETN (ERO)
Exchange-traded notes or ETNs are similar to ETFs but are actually debt securities backed by Barclays Bank.
For term sheets on these upcoming ETFs, click here.
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