MSCI BRIC ADR Top 50 ETN is a UCITS eligible exchange-traded note incorporated in Germany. The ETN's objective is to track the MSCI BRIC ADR Top 50 Index and is collateralised at 110%. The collateral is held by an independent custodian and valued on a daily basis. The ETNs provide investors access to the total return of the underlying market with minimised issuer risk.
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