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What are Exchange Traded Currencies (Currency ETCs)?

April 26, 2017currencies currency etcs exchange Traded

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What are Exchange Traded Currencies (Currency ETCs)?

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Currency ETCs are simple and transparent open-ended securities that trade on regulated exchanges. They provide investors with exposure to currencies without the potential complication of trading forwards. ETFS-branded Currency ETCs are undated, limited recourse, secured debt securities. The individual Currency ETCs are designed to track a total return foreign exchange index calculated and published by Morgan Stanley & Co. Incorporated.