More currency ETFs hit US

The Wisdom Tree Dreyfus New Zealand dollar fund and the Wisdom Tree Dreyfus South African rand fund were issued by New York-based Wisdom Tree Investments. They add to the investment manager's five existing currency-linked ETFs, which were the first to be listed in the US market in May.

To date, banks such as Barclays Capital and Morgan Stanley have listed currency-linked investment products in the form of exchange-traded notes (ETNs). While ETNs are structured as debt securities, ETFs are traded

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