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URR Morgan Stanley Market Vectors Double Long Euro
The investment seeks to replicate, net of expenses, the Double Long Euro Index.
As the index is two-times leveraged, for every 1% strengthening of the euro relative to the U.S. dollar, the level of the index will generally increase by 2%, while for every 1% weakening of the euro relative to the U.S. dollar, the index will generally decrease by 2%.