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Surge in US structured note bets on EMs
Published Fri, Nov 8, 2013 · 10:00 PM
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New York
US investors in October bought the most structured notes that bet on emerging-market companies in two years, as a 16-day partial government shutdown boosted foreign stocks on the prospect of a weaker dollar.
Banks sold US$117.7 million of securities tied to the iShares MSCI Emerging Markets exchange-traded fund (ETF) last month in 18 offerings, the most since October 2011, according to data compiled by Bloomberg.
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