The Libor gets its name from the London Interbank Offered Rate, from the City of London, one of the largest financial centres in the world. The London Interbank Offered Rate is the average interest rate estimated by leading banks in London that the average leading bank would be charged if borrowing from other banks. It is usually abbreviated to Libor (/ËlaÉªbÉr/) or LIBOR, or more officially to ICE LIBOR (for Intercontinental Exchange Libor).
Equifax (NYSE: EFX) is a global leader in consumer, workforce and commercial information solutions, that provides businesses of all sizes and consumers with insight and information they can trust.
GNRX Fund Description. The VanEck Vectors Generic Drugs ETF is composed of U.S. and international companies that have a primary business focus on the generic drug industry. GNRX FactSet Analytics Insight. GNRX is the first ETF to focus specifically onâGNRX is the first ETF to focus specifically on generics manufacturersâ generic drug manufacturers. With more people than ever taking prescription drugs across the globe, the generic drug industry is expected to grow strongly as it provides a lower cost alternative to brand name pharmaceuticals.