WisdomTree EURO STOXX 50 3x Daily Short (3EUS.L) LSE
Currency In EUR
- General
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- Historical Data
- Profile
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WisdomTree EURO STOXX 50 3x Daily Short
Address
3 Lombard Street
London, EC3V 9AA
Ireland
Phone
353-1800-000-036
Sector
Financial Services
Industry
Asset Management - Leveraged
Employees
N/A
First IPO Date
December 13, 2012
Key Executives
N/ADescription
The WisdomTree EURO STOXX 50 3x Daily Short is a fully collateralized Exchange Traded Product (ETP), adhering to UCITS standards, crafted to offer investors magnified inverse exposure to the EURO STOXX 50. This ETP aims to replicate the performance of the EURO STOXX 50 Daily Short 3 EUR Gross Return Index (SX5GT3S), delivering a total return equivalent to three times the daily opposite movement of the EURO STOXX 50 EUR Gross Return Index. This calculation incorporates various fees, along with the expenses and income generated from short-selling the underlying assets. For example, if the EURO STOXX 50 EUR Gross Return Index gains 1% in a day, the ETP is structured to lose 3% (prior to fees). Conversely, a 1% decline in the index over the same period would typically result in a 3% increase for the ETP, before fees are considered.