ETFS Long GBP Short USD
LGBP/GBPP 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.
|Replication method||Synthetic - unfunded swap backed by collateral|
|Legal form||Debt security|
|UK Reporting Status||Yes|
|Securities regulator||Financial Conduct Authority (FCA UK)|
|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|
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 British Pound Index (TR)
The Index provides: (i) a 'long' exposure to GBP relative to USD. For example, if GBP were to rise in value relative to USD, the Index (tracked by the ETC) would rise in value. Conversely if GBP 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 GBP 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 British Pound Index (TR)|
|Index Constituent Count||1|
|Index Type||Total Return|
|Reuters Index Ticker||n.a.|
|Security||18 Sep 2019|
|1. MSFXSM Long British Pound Index (TR)||100.00%|
|Currency (weighting)||18 Sep 2019|
|2. US Dollar||35.54%|
|3. Hong Kong Dollar||17.24%|
|5. Swedish Krona||0.25%|
|6. Pound Sterling||0.01%|
|7. Norwegian Krone||0.01%|
|Country (weighting)||18 Sep 2019|
|2. UNITED STATES||35.54%|
|3. HONG KONG||17.24%|
|9. UNITED KINGDOM||0.01%|
|Constituents Top 20||18 Sep 2019|
|1. GETLINK SE EUR 0.4||2.15%|
|2. FANUC CORP NPV||2.15%|
|3. HISCOX LTD 6.5P||2.15%|
|4. NRG ENERGY INC USD 0.01||2.15%|
|5. PARTNERS GROUP HOLDING AG CHF 0.01||2.15%|
|6. RIO TINTO PLC ORD GBP 0.10||2.15%|
|7. SUNTRUST BKS INC USD 1.0||2.15%|
|8. UBISOFT ENTERTAINMENT SA NPV RFD||2.15%|
|9. ALIGN TECHNOLOGY INC USD 0.0001||2.15%|
|10. ANGLO AMERICAN PLC USD 0.54945||2.15%|
|11. ASSICURAZIONI GENERALI SPA EUR 1.0||2.15%|
|12. BANK OF CHINA LTD CNY 1.0||2.15%|
|13. BUREAU VERITAS SA EUR 0.12||2.15%|
|14. CHINA CONSTRUCTION BANK COR CNY 1.0||2.15%|
|15. CHINA LIFE INS CO - H CNY 1.0||2.15%|
|16. CITIZENS FINL GROUP INC USD 0.01||2.15%|
|17. DAQO NEW ENERGY CORP NPV ADR||2.15%|
|18. DELTA AIR LINES INC DEL USD 0.0001||2.15%|
|19. DOUYU INTL HLDGS LTD USD 0.0001 ADR||2.15%|
|20. EDF EUR0.5||2.15%|
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.