Fri 22 Sep 2006
New ETF on AMEX
The American Stock Exchange is offering the first U.S. stock offering of its kind: a fund that is linked to currencies. A currency exchange traded fund (ETF) is one that offers different currencies in one lump, much like a mutual fund. The only place this is offered in the U.S. is on AMEX. But it could be an interesting way to get into the currency market.
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