NOEU ETC for those who think the Norwegian Krone is underperforming the Euro

NOK Long EUR (NOEU ETC) Tree of Wisdom It is designed to give investors exposure to the Norwegian Krone (“NOK”) in relation to the Euro (“EUR”) by tracking the MSFX NOK/Euro (TR) Index (“the Index”), which is intended to reflect profits positioned in futures contracts that are Rotate it daily.

WisdomTree Short NOK 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 whereby 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.

NOK Short MSFXSM / Euro Index (TR)

Index gives:

(i) “Short” exposure to Norwegian krone to the euro. For example, if the value of NOK will rise in relation to the Euro, then the value of the index (which is tracked by ETC) will decrease in value. Conversely, if the value of the NOK decreases in relation to the euro, the value of the index will rise; And

(2) The interest rate differential that reflects the difference between the exchange rate of the Norwegian krone and the euro.

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


NOK Long EUR (NOEU ETC) Tree of Wisdom It is a currency that is traded on the stock exchange in the Italian Stock Exchange.

Borsa Italiana is a market that provides access to a few Swedish banks and online brokers Dejero Do it.


exchange Currency short name inside
Italian Stock Exchange euro NOEU JE00B3LGQQ51

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