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ENFX

ETFS G10 vs USD Multi Strategy FX Basket Security

The ETFS G10 vs USD Multi Strategy FX Basket (ENFX) is designed to provide investors access to four different currency methodologies combined into one basket product by tracking the G10 Multi FX Enhanced Basket Index (USD) (the "Index"). Each methodology (see 'About the Index' below) is given an equal volatility adjusted weight.
Fund Overview
Base Currency USD
Currency hedged No – this product is not protected against adverse currency movements
Daily Change (12 Dec 2018) -0.40%
ISIN JE00BMM1W199
Leverage Factor N/A
Physical delivery No
Price (NAV) (12 Dec 2018) $10.18
Underlying Exposure Multi-strategy Currency
Net Asset Value 12 Dec 2018
NAV $10.18
Daily Change -$0.04
Daily Return -0.40%
Total AUM of fund $201,171.11
Shares Outstanding 19,769
Structure
Domicile Jersey
Replication method Synthetic - unfunded swap backed by collateral
Legal form Debt security
Legal structure ETC
Legal Tax
ISA Eligible
Sharia compliant No
Securities regulator Financial Conduct Authority (FCA UK)
SIPP Eligible
UCITS Eligible Eligible
UK Reporting Status Yes
Key Service Providers
Custodian The Bank of New York Mellon
Trustee The Law Debenture Trust Corporation p.l.c.
Issuer ETFS Foreign Exchange Limited
Registrar Computershare Investor Services (Jersey) Ltd
Collateral manager The Bank of New York Mellon
Counterparty Morgan Stanley & Co. International plc
Fees
MER 0.59%
Entry / Exit fees None when traded on Exchange
Passported Countries
Austria Austria
Belgium Belgium
Denmark Denmark
Finland
France
Germany
Ireland
Italy
Netherlands
Norway
Spain Spain
Sweden
United Kingdom

Listings & Codes

Listings & Codes

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. Historical performance is not an indication of future performance and any investments may go down in value.

Live Prices

Live Prices
Index Details

G10 Multi FX Enhanced Basket Index (USD)

 

The four different methodology indexes that comprise the Index are as follows:

(i) the G10 Risk Adjusted Carry Basket Index (USD) – The weighting allocation to each developed market currency pair relative to USD is determined in accordance with a carry methodology, using the difference in the interest rate between each G10 currency and the US Dollar (known as the interest rate differential) as an indicator of the future performance of that currency against the US Dollar. The allocation to each developed market currency pair will then be further adjusted in order to target a volatility of 15% across the weightings of the developed market currency pairs;

(ii) the G10 Equity Signal Basket Index (USD) – The weighting allocation to each developed market currency pair relative to USD is determined in accordance with an equity signal methodology, using the relative performance of the main benchmark equity index associated with a G10 currency as an indicator of the future performance of that currency against the US Dollar. The allocation to each developed market currency pair will then be further adjusted in order to target a volatility of 15% across the weightings of the developed market currency pairs;

(iii) the G10 REER Valuation Basket Index (USD) – The weighting allocation to each developed market currency pair relative to USD is determined in accordance with a REER (Real Effective Exchange Rate) valuation methodology, using the differences between the REER associated with a G10 currency and the US Dollar as an indicator of the future performance of that currency against the US Dollar. The allocation to each developed market currency pair will then be further adjusted in order to target a volatility of 15% across the weightings of the developed market currency pairs;

(iv) the G10 Market Positioning Basket Index (USD) – The weighting allocation to each developed market currency pair relative to USD is determined in accordance with a market positioning methodology, using the positions taken by foreign exchange speculators as an indication of the future performance of a G10 currency against the US Dollar. The weightings given to the developed market currency pairs relating to the SEK, NOK and NZD are always given a zero weighting. The allocation to each developed market currency pair will then be further adjusted in order to target a volatility of 15% across the weightings of the developed market currency pairs.

For more detailed information on the G10 Multi FX Enhanced Basket Index, please refer to the MSFX Index Manual available on http://www.morganstanley.com/institutional/research/msfx.html.

 

Index Details

Index Details
Index Name G10 Multi FX Enhanced Basket Index (USD)
Index Provider MSFX
Index Type Total Return
Currency USD
Bloomberg Ticker MSCEEFXU
Index Website http://www.morganstanley.com/institutional/research/msfx.html
Security 11 Dec 2018
1. NOK 50.00%
2. JPY 30.50%
3. NZD 3.80%
4. SEK -17.50%
5. CAD -32.90%
6. CHF -42.40%
7. AUD -50.00%
8. GBP -50.00%
9. EUR -50.00%

Collateral Details

Currency (weighting) 11 Dec 2018
1. Pound Sterling 57.55%
2. Cayman Islands Dollar 20.31%
3. Hong Kong Dollar 18.68%
4. Yen 3.46%
5. Euro 0.00%
Country (weighting) 11 Dec 2018
1. UNITED KINGDOM 57.55%
2. CAYMAN ISLANDS 20.31%
3. HONG KONG 18.68%
4. JAPAN 3.46%
5. GERMANY 0.00%
Constituents Top 20 11 Dec 2018
1. FINLAND GOVERNMENT 0.0 15APR22 144A 24.87%
2. REPUBLIC OF AUSTR 1.75 20OCT23 144A 24.19%
3. UNITED KINGDOM GILT 3.75 07SEP20 17.11%
4. UNITED KINGDOM GIL 1.875 22NOV22 IL 7.36%
5. UNITED KINGDOM GILT 1.75 07SEP22 7.09%
6. UNITED KINGDOM GILT 1.5 22JAN21 4.63%
7. UNITED KINGDOM GILT 4.0 07MAR22 2.98%
8. UNITED KINGDOM GILT 2.25 07SEP23 2.45%
9. CHINA UNICOM HONG KONG LTD NPV 2.14%
10. TENCENT HOLDINGS LTD HKD 0.00002 2.14%
11. UNITED KINGDOM GILT 4.5 07MAR19 1.72%
12. UNITED KINGDOM GILT 2.0 22JUL20 1.45%
13. WH GROUP LTD USD 0.0001 144A 0.72%
14. REPUBLIC OF AUSTRI 0.0 15JUL23 144A 0.69%
15. CHIYODA CO LTD NPV 0.28%
16. GREENS CO LTD NPV 0.08%
17. IMURAYA GROUP CO LTD NPV 0.05%
18. BIOFERMIN PHARMACEUTICAL CO LTD NPV 0.02%
19. WILLPLUS HOLDINGS CORP NPV 0.02%
20. ST-CARE HOLDING CORP NPV 0.01%

Product


Prospectus


KID


Other Documents


Regulatory


Collateral


Prospectus Summary Translation

DISCLAIMERS

 

This financial promotion has been issued and approved for the purpose of section 21 of the Financial Services and Markets Act 2000 by WisdomTree UK Limited (“WTUK”) which is authorised and regulated by the United Kingdom Financial Conduct Authority. Any performance data displayed on this site is denominated in the trading currency (unless stated otherwise) and does not reflect movements in the exchange rate between the trading currency and any other currency. Adverse exchange rates can significantly affect the value of your investment if your investment is not denominated in the trading currency. Exchange rate risk should always be considered when analysing performance denominated in another currency. Any benchmark performance information does not illustrate the effect of fees and expenses. This information is historical information. Past performance is not a reliable indicator of future results. Certain information may have been prepared by persons other than WTUK or its affiliates. WTUK (and its directors, employees, officers, agents and affiliates) is not responsible in any way for the content of any such information. Investments may go up or down in value and you may lose some or all of the amount invested. Past performance is not a reliable indicator of future performance. You should consult an independent investment adviser prior to making any investment in order to determine its suitability to your circumstances. Any decision to invest should be based on the information contained in the prospectus (and any supplements thereto) of the relevant product which includes information on certain risks associated with an investment. None of the index providers referred to herein nor their licensors make any warranty or representation whatsoever either as to the results obtained from use of the relevant indices and/or the figures at which such indices stand at any particular day or otherwise. None of the index providers shall be liable to any person for any errors or significant delays in the relevant indices nor shall be under any obligation to advise any person of any error or significant delay therein. Securities or shares referred to on this page are not obligations of or guaranteed by any of the counterparties referred to herein or any of their affiliates. Each of the counterparties disclaims all and any liability whether arising in tort, contract or otherwise which it might have in respect of this document or its contents otherwise arising in connection herewith.