WisdomTree Long USD 5x EUR Daily (5CH5 ETC) It is designed to provide investors with long-term risk to the US Dollar (“USD”) against the Euro (“EUR”) by tracking the MSFX 5x Long US Dollar/Euro (TR) Index (“the Index”), which aims to reflect the performance of a position by 5x In futures contracts that are rotated daily.
WisdomTree Buy Long US Dollars Short EUR 5x per day It 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 from the issuer to the counterparty when creating an unfunded swap. However, daily cash payments are made between the issuer and the counterparty to reflect 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.
MSFXSM 5X Long US Dollar/Euro Index (TR)
The indicator gives 5 times the “long” exposure of the following:
(i) The US dollar against the Euro. For example, if the value of the US dollar were to rise compared to the Euro, the value of the index (which is tracked by ETC) would rise by five times the same amount. Conversely, if the US dollar decreases in value compared to the euro, the value of the index will decrease by five times the same amount; And
(2) the interest rate difference that reflects the difference between them US dollar and euro exchange rates.
The index is a total return indicator, which means that it also provides a safe return.
Trading 5CH5 ETC
WisdomTree Long USD 5x EUR Daily (5CH5 ETC) It is an exchange-traded currency (“ETC”), among others, on the Italian Stock Exchange and the German Xetra.
This means that it is possible to trade units in this ETF through most Swedish banks and online brokers, for example DejeroAnd nordnet And keep it up.
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