Morgan Stanley launches hybrid futures and equity oil ETN

06/30/2011 |

Morgan Stanley introduced a hybrid exchange-traded note that invests equally in oil futures and stocks. The Morgan Stanley S&P 500 Crude Oil Linked ETN buys Brent and West Texas Intermediate oil futures and oil stocks listed in the Standard & Poor's 500. The ETN has a 0.79% expense ratio and trades on NYSE Arca.

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