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  • ETF Watch: New Listings (May 7-14) [View article]
    BZF: the Fund intends to achieve exposure to Brazilian currency markets by
    investing primarily in short term U.S. money market securities and forward currency
    contracts and swaps. The combination of U.S. money market securities with forward
    currency contracts and currency swaps is designed to create a position economically
    similar to a money market security denominated in Brazilian Real. A forward currency
    contract is an agreement to buy or sell a specific currency at a future date at a price set at
    the time of the contract. A currency swap is an agreement between two parties to
    exchange one currency for another at a future rate.

    One is not "buying the Reai."
    May 19 12:22 pm |Rating: 0 0
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