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URGB

WisdomTree Short EUR Long GBP


Product no longer available: As WisdomTree announced on the 31 July 2019, this product has been closed and redeemed as of the 26 September 2019 and is no longer available to invest in. If you have any questions about these product closures, please consult our Product Closure Q&A which includes a full list of the products that have been closed as well as equivalent products where available.

WisdomTree Short EUR Long GBP is designed to provide investors with exposure to Euro ("EUR") relative to Pounds Sterling ("GBP") by tracking the MSFX Short Euro/GBP Index (TR) (the "Index"), which aims to reflect the performance of a position in forward contracts which are rolled on a daily basis.

WisdomTree Short EUR Long GBP is an exchange traded currency ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC obtains exposure to the Index by entering into unfunded swaps with a counterparty. There is no upfront cash payment by the Issuer to the counterparty when an unfunded swap is created.

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 eligible collateral from the counterparty under a daily reverse repurchase agreement ("reverse repo"), an agreement whereby the counterparty agrees to repurchase such eligible collateral from the Issuer the following day. The eligible collateral is held by the custodian in a custody account.

*Formerly ETFS Short EUR Long GBP


Fund Overview
Base Currency GBP
Currency hedged No – this product is not protected against adverse currency movements
Daily Change (18 Oct 2019) 0.25%
ISIN JE00B45CYD99
Leverage Factor N/A
Physical delivery No
Price (NAV) (18 Oct 2019) £43.38
Underlying Exposure GBP/EUR
Net Asset Value As of 18 Oct 2019
NAV £43.38
Daily Change £0.11
Daily Return 0.25%
Total AUM of fund £4,619,241.69
Shares Outstanding 106,478
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
Trustee The Law Debenture Trust Corporation p.l.c.
Issuer WisdomTree 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 0.39%
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

MSFXSM Short Euro/GBP Index (TR)

 

The Index provides: (i) a 'short' exposure to EUR relative to GBP. For example, if EUR were to rise in value relative to GBP, the Index (tracked by the ETC) would decrease in value. Conversely if EUR were to decrease in value relative to GBP, the Index would increase in value; and (ii) an interest rate differential reflecting the difference between the EUR and the GBP exchange rates.

The Index is a total return index, which means that it also provides a collateral yield.

 

Index Details

Index Details
Index Name MSFXSM Short Euro/GBP Index (TR)
Index Provider MSFX
Index Constituent Count 1
Index Type Total Return
Currency GBP
Bloomberg Ticker MSCEGES
Reuters Index Ticker n.a.
Index Website http://www.morganstanley.com
Security 18 Oct 2019
1. MSFXSM Short Euro/GBP Index (TR) 100.00%

Collateral Details

Currency (weighting)
No Data To Display
Country (weighting)
No Data To Display
Constituents Top 20 18 Oct 2019
1. RYANAIR HOLDINGS PLC EUR 0.006 2.18%
2. JAPAN AIRLINES CO LTD NPV 2.17%
3. HERA SPA EUR 1.0 2.17%
4. MICROSOFT COM USD0.00000625 2.17%
5. NEXI SPA EUR 1.0 144A 2.17%
6. NRG ENERGY INC USD 0.01 2.17%
7. RECKITT BENCKISER GROUP PLC 10P 2.17%
8. SAFRAN SA EUR 0.2 2.17%
9. WH GROUP LTD USD 0.0001 144A 2.17%
10. 3M CO USD 0.01 2.17%
11. ADIDAS AG NPV 2.17%
12. ALSTOM SA EUR 7.0 2.17%
13. AMEREN CORP USD 0.01 2.17%
14. BRIT AMER ORD GBP0.25 2.17%
15. CENTRICA ORD GBP0.061728395 2.17%
16. CITIC LTD NPV 2.17%
17. COSTCO WHOLESALE CORP NEW USD 0.005 2.17%
18. DIAGEO PLC 28.93518P 2.17%
19. E TRADE FINL CORP USD 0.01 2.17%
20. FIDELITY N COM USD0.01 2.17%

Documents

Historical Data

The products discussed in this document are issued by WisdomTree Foreign Exchange Limited (the "Issuer"). The Issuer is regulated by the Jersey Financial Services Commission. Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the securities offered by the Issuer.

Securities issued by the Issuer are direct, limited recourse obligations of the Issuer alone and are not obligations of or guaranteed by any of Morgan Stanley & Co International plc, Morgan Stanley & Co. Incorporated, any of their affiliates or anyone else or any of their affiliates. Each of Morgan Stanley & Co International plc and Morgan Stanley & Co. Incorporated disclaims all and any liability whether arising in tort, contract or otherwise (save as referred to above) which it might have in respect of this document or its contents otherwise arising in connection herewith.

The Morgan Stanley Indices are the exclusive property of Morgan Stanley & Co. Incorporated ("Morgan Stanley"). Morgan Stanley and the Morgan Stanley index names are service mark(s) of Morgan Stanley or its affiliates and have been licensed for use for certain purposes by WisdomTree Management Jersey Limited in respect of the securities issued by Issuer. The securities issued by Issuer are not sponsored, endorsed, or promoted by Morgan Stanley, and Morgan Stanley bears no liability with respect to any such financial securities. The prospectus of Issuer contains a more detailed description of the limited relationship Morgan Stanley has with Issuer and any related financial securities. No purchaser, seller or holder of securities issued by Issuer, or any other person or entity, should use or refer to any Morgan Stanley trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting Morgan Stanley to determine whether Morgan Stanley's permission is required. Under no circumstances may any person or entity claim any affiliation with Morgan Stanley without the prior written permission of Morgan Stanley.