Definition:
CNY, the Market Vectors Renminbi / USD ETN is a currency ETN that tracks the S&P Chinese Renminbi Total Return Index. The ETN emulates the Chinese RMB compared to the U.S. dollar. It utilizes derivatives like three-month currency forward contracts that are rolled at three-month intervals and includes daily accrued interest.
To see more currency ETFs, look no further than our List of Foreign Currency ETFs and ETNs.
Or if you have an interest in China investing, check out our List of China ETFs.
