SJPL ETC for those who think the Euro is doing better than the Japanese Yen

WisdomTree Short JPY Long EUR (SJPL ETC) It is designed to provide investors with exposure to the Japanese Yen (“JPY”) versus the Euro (“EUR”) by tracking the MSFX Japanese Yen/Euro Index (TR) Index (“the Index”)), which is intended to reflect the profits of a position in futures contracts that are Rotate it daily.

WisdomTree Short JPY Long EUR is an exchange-traded currency (“ETC”). Its securities can be created and redeemed at the request of authorized participants and traded on the stock exchange just like shares in a company. ETC achieves exposure to the index by entering into unfunded swaps with the counterparty. There are no cash payments by the issuer to the counterparty when creating an unfunded swap.

However, daily cash payments are made between the issuer and the counterparty to reflect the daily movements in the value of the index. Separately, the issuer uses the cash it holds to purchase collateral acceptable to the counterparty under a daily reverse repurchase agreement (“reverse repurchase”), an agreement in which the counterparty agrees to repurchase such eligible collateral from the issuer on the next day. Forensic security is maintained by the trustee in the guardianship account

MSFXSM Japanese Yen Short/Euro Index (TR)

Index gives:

(i) “Short” exposure to JPY to EUR. For example, if the value of the Japanese yen rises relative to the euro, the value of the index (which ETC tracks) will fall. Conversely, if the value of the Japanese yen falls relative to the euro, the value of the index will rise; And

(2) The interest rate differential that reflects the difference between the exchange rates of the Japanese yen and the euro.

The index is a total return indicator, which means that it also provides a safe return.

Trading SJPL ETC

WisdomTree Short JPY Long EUR (SJPL ETC) It is an exchange-traded currency (ETC) that is traded on the London Stock Exchange and Germany’s Xetra, among others.

This means that it is possible to trade shares in ETC through most Swedish banks and online brokers, for example DejeroAnd nordnet And keep it up.


exchange Currency short name Beam
Italian Stock Exchange euro JPEU JE00B3KNMS14
Euronext euro JPEU JE00B3KNMS14
extra euro SJPL DE000A1DFSF0

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