CNY

Market Vectors Chinese Renminbi/USD ETN
*Unless otherwise stated, data provided by FactSet.

CNY Fund Description

CNY tracks an index of rolling 3-month non-deliverable forward contracts on the Chinese renminbi.

CNY Factset Analytics Insight

CNY was the first exchange-traded product to give US investors exposure to the Chinese renminbi, but its unique exposure strategy makes it a poor Fit to our benchmark. The ETN tracks an index which is tied to renminbi forward-currency contracts that roll every three months rather than to the spot exchange rate. This means the ETN’s returns don’t always align with changes in the spot rate. Like all ETNs, CNY comes with issuer credit risk; although Morgan Stanley, its counterparty, currently carries low default risk. Trading and holding CNY can also be costly, as the ETN’s 0.55% expense ratio is the highest in the segment. Regardless of whether CNY is held for less than a year or more, capital gains are all taxed as ordinary income.

CNY Charts And Performance

Price Chart ($)
Total Return Chart (%)
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
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PERFORMANCE [as of 11/15/19] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
CNY -0.58% 3.74% 2.37% 3.50% 2.94% 0.73% 0.89%
CNY (NAV) 1.30% 0.95% -0.36% 1.27% 2.45% 0.38% 0.80%
S&P Chinese Renminbi Total Return Index -- -- -- -- -- -- 0.80%
IU Chinese Renmibi Index -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

CNY Summary Data

03/14/08
Exchange-Traded Note
0.55%
$7.59M
$38.08K
7.07%

CNY Portfolio Data

0%
N/A
Derivative

CNY Index Data

CNY Portfolio Management

0.55%

CNY Tax Exposures

39.60% / 39.60%
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No

CNY Fund Structure

Exchange-Traded Note
Derivative
No
Morgan Stanley
Low
High
Daily
Cboe Book Viewer
Top Of Book
Last 10 Trades
Bats BZX Real-time Quote -

CNY Factset Analytics Block Liquidity

As of 11/18/19
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of CNY. CNY is rated a 5 out of 5.

CNY Tradability

793
$38.08K
13
0
7.07%
$3.11
-0.56%
3.10% / -3.27%
None
100.00%
50,000
0.00
0.00%
--
0
$43.69
5

CNY Portfolio Tilts Comparison


CNY
Segment Benchmark
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CNY Performance Statistics

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