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Description:The Market Vectors-Chinese Renminbi/USD ETN seeks to track the performance of the S&P Chinese Renminbi Total Return Index (SPCBCNY). S&P Chinese Renminbi Total Return Index (SPCBCNY) seeks to track the performance of the Chinese renminbi versus the U.S. dollar. The Index represents an investment in rolling three-month non-deliverable currency forward contracts. Each contract is held until maturity, cash settled and then rolled over into a new contract.
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