Rydex SGI is launching a Renminbi exchange-traded fund (ETF), Index Universe reports. The CurrencyShares Chinese Renminbi Trust will be listed on the New York Stock Exchange’s electronic platform Arca.
The company’s other products include the $366 million CurrencyShares Euro Trust. Rydex SGI manages over $26 billion in assets via nearly 140 mutual funds and exchange-traded products.
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