Morgan Stanley last week launched two new ETNs. One of them track the Chinese Renminbi (CNY) and the other tracks the Indian Rupee (INR). To my knowledge these are the first financial instruments available to get exposure to both currencies. If I could put 100% of my cash into Chinese Renminbi I would unfortunately these ETNs have some hair. One is that they are unsecured debt of Morgan Stanley. I would put Morgan Stanley up there with Goldman Sachs as the strongest brokerage houses on Wall St but do you really want to be taking on what is essentially unsecured debt of one of the big brokerage houses? Also I think you may only be earning the treasury yield in interest payments. Thanks goes to Jared for bringing this to my attention.
http://www.pr-inside.com/morgan-stanley-launches-chinese-and-r491027.htm
Morgan Stanley announced today that it will issue two exchange-traded notes, Market Vectors-Chinese Renminbi/USD ETN (NYSE Arca:CNY) and Market Vectors-Indian Rupee/USD ETN (NYSE Arca:INR), which will be traded on NYSE Arca.
Market Vectors Currency ETNs are senior, unsecured debt securities of Morgan Stanley that deliver exposure to the exchange rate of a specific foreign currency.
Also Wisdom Tree is apparently bringing out etfs that would allow you to invest in the Indian Rupee, Chinese Renminbi, Brazilian real and others. I don't know when these would be coming out.
http://indexuniverse.com/sections/breaking-news/10/3558.html
The new WisdomTree currency ETFs would open exposure for the first time to U.S. investors to the Brazilian real, the Chinese yuan, the Indian rupee, the New Zealand dollar, the South African rand and the South Korean won.
By the way, Iceland raised their interest rate to 15% overnight. I do not know if there is opportunity there but a 15% interest rate sure seems appealing. Iceland has some problems like everything now days seems to have but the risk reward return profile could be very appealing.
http://www.bonds.is/
Subscribe to:
Post Comments (Atom)
1 comment:
Hello !.
You re, I guess , perhaps curious to know how one can make real money .
There is no initial capital needed You may begin to get income with as small sum of money as 20-100 dollars.
AimTrust is what you haven`t ever dreamt of such a chance to become rich
AimTrust incorporates an offshore structure with advanced asset management technologies in production and delivery of pipes for oil and gas.
It is based in Panama with structures everywhere: In USA, Canada, Cyprus.
Do you want to become an affluent person?
That`s your chance That`s what you wish in the long run!
I`m happy and lucky, I started to take up income with the help of this company,
and I invite you to do the same. If it gets down to select a correct partner who uses your money in a right way - that`s the AimTrust!.
I earn US$2,000 per day, and my first investment was 500 dollars only!
It`s easy to join , just click this link http://erecimibyc.dreamstation.com/sodepid.html
and go! Let`s take our chance together to feel the smell of real money
Post a Comment