WisdomTree Long EUR Short USD
WisdomTree Long EUR Short USD 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 Long EUR Short USD
|Replication method||Synthetic - unfunded swap backed by collateral|
|Legal form||Debt security|
|Securities regulator||Financial Conduct Authority (FCA UK)|
|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|
Listings & Codes
|Listings & Codes|
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.
† Source: Bloomberg, all data delayed at least 15 minutes.
Note: Volume is the number of securities traded on the relevant Exchange. Estimated value of securities traded (volume x Last price). For the purposes of showing the total turnover, we convert the turnover for each product from its trading currency into USD using a standard end-of-day benchmark exchange rate.
MSFXSM Long Euro Index (TR)
The Index provides: (i) a 'long' exposure to EUR relative to USD. For example, if EUR were to rise in value relative to USD, the Index (tracked by the ETC) would rise in value. Conversely if EUR were to decrease in value relative to USD, the Index would also decrease in value; and (ii) an interest rate differential reflecting the difference between the EUR and the USD exchange rates.
The Index is a total return index, which means that it also provides a collateral yield.
|Index Name||MSFXSM Long Euro Index (TR)|
|Index Constituent Count||1|
|Index Type||Total Return|
|Reuters Index Ticker||n.a.|
|Security||14 Oct 2019|
|1. MSFXSM Long Euro Index (TR)||100.00%|
|No Data To Display|
|No Data To Display|
|Constituents Top 20||14 Oct 2019|
|1. CITIC LTD NPV||2.14%|
|2. ICICI BK LTD INR 10.0 ADR||2.14%|
|3. WH GROUP LTD USD 0.0001 144A||2.14%|
|4. VERTEX PHARMACEUTICALS INC USD 0.01||2.14%|
|5. ACTIVISION BLIZZARD IN USD 0.000001||2.14%|
|6. ALPHABET INC CLASS A||2.14%|
|7. ALTRIA GRO COM USD0.333333||2.14%|
|8. BEST BUY INC USD 0.1||2.14%|
|9. BIOGEN INC||2.14%|
|10. BUREAU VERITAS SA EUR 0.12||2.14%|
|11. COMERICA INC USD 5.0||2.14%|
|12. DCC PLC EUR 0.25||2.14%|
|13. EBAY INC COM USD0.001||2.14%|
|14. HERA SPA EUR 1.0||2.14%|
|15. IQIYI INC CNY 0.00001 ADR||2.14%|
|16. LLOYDS TSB GROUP PLC 10P||2.14%|
|17. MONCLER SPA NPV||2.14%|
|18. ORIX CORP NPV||2.14%|
|19. PARTNERS GROUP HOLDING AG CHF 0.01||2.14%|
|20. PETROCHINA CO LTD CNY 1.0||2.14%|
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