WisdomTree Long EUR Short £3x per day (EUP3 ETC) It is designed to provide investors with “leveraged long” exposure on the Euro (“EUR”) against the Pound (“GBP”) by tracking the MSFX Triple Long Euro/GBP (TR) Index (“the Index”), which aims to reflect the performance of the The position triples in daily traded futures contracts.
WisdomTree Long EUR Short £3x per day 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 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 Triple Long Index EUR/GBP (TR)
The indicator gives a 3x “long” exposure of the following:
(i) The Euro versus the British Pound. For example, if the value of the euro were to rise relative to the British pound, the value of the index (which is tracked by ETC) would rise by three times the same amount. Conversely, if the value of the euro decreases in relation to the British pound, the value of the index will decrease by three times the same amount; 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.
Trade EUP3 ETC
WisdomTree Long EUR Short £3x per day (EUP3 ETC) It is a European exchange-traded fund that is traded on 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.