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URGB

ETFS Short EUR Long GBP

ETFS Short EUR Long GBP (URGB) 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. 

URGB 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.
Fund Overview
Base Currency GBP
Daily Change -0.02%
ISIN JE00B45CYD99
Leverage Factor N/A
Price (NAV) £41.66
Net Asset Value 14 Dec 2018
NAV £41.66
Daily Change -£0.01
Daily Return -0.02%
Total AUM of fund £3,471,288.73
Shares Outstanding 83,322
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 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 0.39%
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 14 Dec 2018
1. MSFXSM Short Euro/GBP Index (TR) 100.00%

Collateral Details

Currency (weighting) 14 Dec 2018
1. Euro 59.76%
2. US Dollar 40.24%
Country (weighting) 14 Dec 2018
1. FRANCE 45.97%
2. UNITED STATES 40.24%
3. AUSTRIA 12.35%
4. GERMANY 1.44%
Constituents Top 20 14 Dec 2018
1. FRENCH REPUBLIC GOVERNM 0.0 25MAR23 20.87%
2. UNITED KINGDOM GILT 1.5 22JAN21 11.03%
3. AUSTRIA GOVERNMENT B 4.35 15MAR2019 9.53%
4. FRENCH REPUBLIC GOVERNM 0.5 25NOV19 9.12%
5. FRENCH REPUBLIC GOVERNM 0.0 25MAY22 7.71%
6. UNITED KINGDOM GILT 2.0 22JUL20 7.41%
7. FRENCH REPUBLIC GOVERNM 3.5 25APR20 3.91%
8. REPUBLIC OF AUSTR 1.75 20OCT23 144A 3.85%
9. FRENCH REPUBLIC GOVERN 2.25 25OCT22 2.86%
10. TENCENT HOLDINGS LTD HKD 0.00002 2.14%
11. TAIWAN SEMICONDUCTOR M TWD 10.0 ADR 2.13%
12. REPUBLIC OF AUSTRI 3.4 22NOV22 144A 2.05%
13. PINDUODUO INC USD 0.00002 ADR 1.67%
14. BILIBILI INC USD 0.0001 ADR 1.47%
15. VEDANTA LTD NPV ADR 1.33%
16. BUNDESOBLIGATION 0.0 14APR23 1.30%
17. HUYA INC USD 0.0001 ADR 1.27%
18. 21VIANET GROUP INC USD 0.00001 ADR 1.16%
19. FRENCH REPUBLIC GOVERN 1.75 25MAY23 1.12%
20. FRENCH REPUBLIC GOVERNM 1.0 25MAY19 1.07%

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.