INR
Market Vectors-Indian Rupee/USD ETNINR Fund Description
INR tracks an index of rolling 3-month nondeliverable forward contracts on the Indian rupee.
INR Factset Analytics Insight
INR is the perfect example of an ETN whose investment strategy has worked remarkably well in recent years, but still failed to attract investor interest. With a low asset base, INR is at a high risk of closure. It’s expensive, barely trades, and has milewide spreads. INR tracks an index that rolls over 3-month forward-currency contracts—meaning its returns are affected by currency expectations of the forward markets. Structured as an ETN, INR comes with credit risk—even though its issuer, Morgan Stanley, currently carries low default risk. On the tax front, all capital gains—long- and short term—are taxed as ordinary income.
INR CHARTS AND PERFORMANCE
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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1 Month
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3 Months
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YTD
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1 Year
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3 Years
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5 Years
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Max
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INR Summary Data
INR Portfolio Data
INR Index Data
INR Portfolio Management
INR Tax Exposures
INR Fund Structure
INR Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of INR. INR is rated a 0 out of 5.
INR Tradability
INR PORTFOLIO TILTS COMPARISON
INR