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3EML

WisdomTree Emerging Markets 3x Daily Leveraged

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WisdomTree Emerging Markets 3x Daily Leveraged is a fully collateralised, UCITS eligible Exchange Traded Product. The ETP provides three times the daily performance of the Emerging Equities Rolling Futures Index, which tracks Front Quarter and Second Quarter mini MSCI Emerging Markets Index futures, plus the interest revenue earned on the collateralised amount. Mini MSCI Emerging Markets Index futures are traded on ICE FUTURES US.

For example, if the Emerging Equities Rolling Futures Index rises by 1% over a day, then the ETP will rise by 3%, excluding fees. However if the Emerging Equities Rolling Futures Index falls by 1% over a day, then the ETP will fall by 3%, excluding fees.

 

Action Required


The GBx trading line of the WisdomTree Emerging Markets 3x Daily Leveraged will be delisted from the London Stock Exchange, Exchange Ticker: 3ELM with effect from 1 April 2020, and therefore the last opportunity to trade on London Stock Exchange will be prior to close of business on 31 March 2020. The remaining trading lines of the WisdomTree Emerging Markets 3x Daily Leveraged, Exchange ticker: 3EML, 3EML will continue to trade after this date.


For more information please see the FAQ here.

ETP RISK WARNING

Short and/or leveraged exchange traded products (ETPs) are only intended for investors who understand the associated risks. The short and/or leveraged products involve numerous risks including general market risks relating to the relevant underlying index, credit risks on the provider of index swaps utilised in the ETPs, exchange rate and interest risks, and for our Delta One products, swap counterparty risk. You should consult an investment adviser who can help determine whether or not the products are suitable for you.

 

The price of any Shares or the value of an investment in ETPs may go up or down and an investor may not get back the amount invested. Past performance is not a reliable indicator of future performance. This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any financial instrument or product or to adopt any investment strategy.

INFORMATION AND RESEARCH
Fund Overview
Base/Trading Currency USD/USD
Bloomberg Ticker 3EML LN
Daily Change (02 Apr 2020) 9.55%
Index Bloomberg Ticker BNSXFEME
Index Name Emerging Equities Rolling Futures Index
ISIN IE00BYTYHN28
Leverage Factor 3x
Price (NAV) (02 Apr 2020) $58.44
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Net Asset Value As of 02 Apr 2020
NAV $58.44
Daily Change $5.09
Daily Return 9.55%
Total AUM of fund $4,100,847.67
Shares Outstanding 70,177
Structure
Physical Assets Yes (Collateral)
Structure ETP
Domicile Ireland
Replication Method Fully Collaterised Swap
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Key Service Providers
Issuers WisdomTree Multi Asset Issuer PLC
Administrator Link Asset Services
Custodian Bank of New York Mellon
Trustee Law Debenture Trust
Auditor Ernst & Young
Swap Provider BNP Paribas Arbitrage SNC
Market Makers Market Makers
Authorised Participants APs
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Fees
Annual Management Fee Rate 0.99%
Daily Swap Rate 0.00569%
Passported Countries
Germany
Ireland
Italy
Norway
United Kingdom

Listings & Codes

Listings & Codes
Country
Exchange London Stock Exchange
Trading Currency GBx
Exchange Ticker 3ELM
ISIN IE00BYTYHN28
SEDOL BYY8QF4
WKN
Bloomberg Ticker 3ELM LN
Settlement Period T+2
Reuters Instrument Code 3ELM.L
Listing Date 08 Jun 2016
Country
Exchange London Stock Exchange
Trading Currency USD
Exchange Ticker 3EML
ISIN IE00BYTYHN28
SEDOL BYY8LP9
WKN
Bloomberg Ticker 3EML LN
Settlement Period T+2
Reuters Instrument Code 3EML.L
Listing Date 08 Jun 2016
Country
Exchange Xetra
Trading Currency EUR
Exchange Ticker 3E3M
ISIN DE000A2BGQ21
SEDOL BYY8QR6
WKN A2BGQ2
Bloomberg Ticker 3E3M GY
Settlement Period T+2
Reuters Instrument Code 3E3M.DE
Listing Date 17 Jun 2016
Country
Exchange Borsa Italiana
Trading Currency EUR
Exchange Ticker 3EML
ISIN IE00BYTYHN28
SEDOL BYV7N19
WKN
Bloomberg Ticker 3EML IM
Settlement Period T+2
Reuters Instrument Code 3EML.MI
Listing Date 17 Mar 2016
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Performance i The above chart presents information about the difference between the daily market price for shares of the Fund and the Fund's net asset value. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund's NAV is calculated (usually 4:00 p.m. eastern time for most Funds). The vertical axis of the chart shows the premium or discount expressed as a percentage of mid-point.

Performance is total return based on the growth of a hypothetical 10K based unit value net of fees using daily NAV with dividend reinvestment on ex_date. Historical performance is not an indication of future performance and any investments may go down in value.
Index Details

EMERGING EQUITIES ROLLING FUTURES INDEX

The Emerging Equities Rolling Futures Index is an USD denominated Index that aims to provide exposure to the performance of a basket composed of the Front Quarter and Second Quarter mini MSCI Emerging Markets Index Futures contract listed on the ICE FUTURES US. Exchange Due to the regular expiration of futures contracts, a quarterly rolling method is employed whereby the index holdings roll over from the currently held Quarterly mini MSCI Emerging Markets Index Futures to the next Quarterly mini MSCI Emerging Markets Index Futures contract in constant USD terms so that the Index remains 100 per cent invested in the contracts.

Even though the index measures excess return performance based on the futures price performance and the roll return, the ETP provides a total return performance which also includes the interest revenue on the collateralised amount.

Index Details

Index Details
Index Name Emerging Equities Rolling Futures Index
Currency USD
Index Provider BNP Paribas
Bloomberg Ticker BNSXFEME
Reuters Index Ticker .BNSXFEME
Documents and Links

BNSXFEME EM Index Methodology

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Collateral Details

Collateral Details 02 Apr 2020
Collateral Coverage Ratio 105.0 %
Collateralised Yes
Over Collateralised Yes
Custodian Bank of New York Mellon
Documents

ETPM Eligible Collateral Schedule

Understanding Counterparty Risk

Collateral Holdings

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Collateral Structure

boost-collateral-structure
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Related Products
Product As of Daily Change
WisdomTree Emerging Markets 3x Daily Short 02 Apr 2020 -9.23%
WisdomTree Emerging Markets 3x Daily Short 02 Apr 2020 -9.23%
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Documents

Product

Prospectus

KID

Other Documents

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Historical Data

WisdomTree Multi Asset Issuer PLC (the “Issuer”) issues products under a Prospectus (“WTMA Prospectus”) approved by the Central Bank of Ireland, drawn up in accordance with the Directive 2003/71/EC. The WTMA Prospectus has been passported to various European jurisdictions including the UK, Italy and Germany and is available on this document.

WisdomTree Multi Asset Issuer PLC Exchange Traded Products (“ETPs”) are suitable for financially sophisticated investors who wish to take a short-term view on the underlying indices and can understand the risks of investing in products offering daily leveraged or daily short exposures.
ETPs offering daily leveraged or daily short exposures (“Leveraged ETPs”) are products which feature specific risks that prospective investors should understand before investing in them. Higher volatility of the underlying indices and holding periods longer than a day may have an adverse impact on the performance of Leveraged ETPs. As such, Leveraged ETPs are intended for financially sophisticated investors who wish to take a short-term view on the underlying indices and understand such risks. As a consequence, WisdomTree is not promoting or marketing WisdomTree Multi Asset Issuer PLC ETPs to retail clients. Investors should refer to the section entitled "Risk Factors" and “Economic Overview of the ETP Securities” in the WTMA Prospectus for further details of these and other risks associated with an investment in Leveraged ETPs and consult their financial advisors as needed. Neither WisdomTree, nor the Issuer has assessed the suitability of any Leveraged ETPs for investors other than the relevant Authorised Participants.

The Emerging Equities Rolling Futures Index (the “Index”) is the exclusive property of BNP Paribas (the “Index Sponsor”). The Index Sponsor does not guarantee the accuracy and/or completeness of the composition, calculation, publication and adjustment of the Index, any data included therein, or any data on which it is based, and the Index Sponsor shall have no liability for any errors, omissions, or interruptions therein. The Index Sponsor makes no warranty, express or implied, as to results to be obtained from the use of the Index. The Index Sponsor makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Index or any data included therein. Without limiting any of the foregoing, in no event shall the Index Sponsor have any liability for any special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages and their liability shall not be greater than the fees paid for the Index. For the avoidance of doubt the Index and/or any transaction linked to the Index (each a “Transaction”) is not sponsored, endorsed, sold, or promoted by any provider of the underlying data (the "Reference Assets") comprised in the Index (each a “Reference Asset Sponsor”) and no Reference Asset Sponsor makes any representation whatsoever, whether express or implied, either as to the results to be obtained from the use of the relevant Reference Asset or the index and/or the levels at which the relevant Reference Asset or the Index stands at any particular time on any particular date or otherwise. No Reference Asset Sponsor shall be liable (whether in negligence or otherwise) to any person for any error in a Reference Asset and/or in the Index and a Reference Asset Sponsor is under no obligation to advise any person of any error therein. No Reference Asset Sponsor is making any representation whatsoever, whether express or implied, as to the advisability of purchasing or assuming any risk in connection with entering into any Transaction. No Reference Asset Sponsor shall have any liability for any act or failure to act by the Index Sponsor in connection with the calculation, adjustment or maintenance of the Index. None of the Reference Asset Sponsors or their affiliates have any affiliation with or control over the Index or the Index Sponsor or any control over the computation, composition or dissemination of the Index.
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The price of any Shares or the value of an investment in ETPs may go up or down and an investor may not get back the amount invested. Past performance is not a reliable indicator of future performance. This material is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any financial instrument or product or to adopt any investment strategy.

 

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