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What does a MacroShares UV represent?

April 26, 2017macroshares UV

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What does a MacroShares UV represent?

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At any moment in time, UV reflects the current book value of the security if it were terminated and redeemed . The UV is derived from the historical path of the spot reference index as it migrates from its level on the fund inception date, along with any trust net income that has accrued.