URRMarket Vectors-Double Long Euro ETN
URR Fund Description
URR provides 2x leveraged exposure to an index that measures the price performance of the euro relative to the US dollar.
URR Factset Analytics Insight
URR competes with other funds such as ULE in providing 2x leveraged exposure to the euro against the US dollar. URR’s exposure is rebalanced on a daily basis. As a result, the note’s long-term returns are difficult to predict due to issues of path dependency and compounding. URR is structured as an ETN, and as a result, is directly exposed to the credit risk of its issuer—Morgan Stanley. The note has bigger problems however—it is tiny as measured by AUM. Worse for a tactical tool, it often goes days without a single trade. As a result, its long term viability is in doubt.
URR CHARTS AND PERFORMANCE
URR Portfolio Data
URR Index Data
URR Fund Structure
URR Tax Exposures
URR Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of URR. URR is rated a 5 out of 5.