URGB ETC for those who think the Euro is doing better than the Pound

WisdomTree Short EUR Long GBP (URGB ETC) It is designed to give investors exposure to the Euro (“EUR”) against the Pound (“GBP”) by tracking the MSFX Short Euro/GBP (TR) (“index”) Index, which is intended to reflect the performance of the position in futures contracts offered daily.

WisdomTree for short EUR Long GBP 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.


Index gives:

(i) “Short” exposure to The euro against the British pound. For example, if the value of the euro increases relative to the British pound, the value of the index (which is tracked by ETC) will decrease in value. Conversely, if the value of the euro falls in relation to the British pound, the value of the index will rise; And

(2) The interest rate differential that reflects the difference between the exchange rates of the Euro and the British Pound.

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


WisdomTree Short EUR Long GBP (URGB ETC) It is a currency that is traded on the stock exchange in the London Stock Exchange.

The London Stock Exchange is a market that a few Swedish banks and online brokers provide access to Dejero Do it.


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