Market Vectors Chinese Renminbi/USD ETN (CNY)
Market Vectors Chinese Renminbi/USD ETN operates in the Asset Management - Global industry of the Financial Services sector, headquartered in DE, US. The stock last traded at $44.25, up 1.96% on the session, giving a market capitalisation of $7.6M. On trailing twelve-month figures it carries a trailing P/E of 6.99, a net margin of 24.4%. Its beta of -10.44 implies it has historically moved less than the broad market.
This fund aims to mirror the performance of the S&P Chinese Renminbi Total Return Index, after accounting for its operating costs. The index itself monitors the valuation of the Chinese Yuan in comparison to the U.S. dollar. It achieves this by observing non-deliverable, three-month currency forward agreements, which are periodically renewed every three months, and by incorporating any interest earned on a daily basis.
Market Vectors Chinese Renminbi/USD ETN is most often compared with the following Financial Services names: