WisdomTree Long EUR Short GBP (GBUR.L) LSE
Currency In GBp
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- Statistics
- Historical Data
- Profile
- Financials
Currency In GBp
Address
3rd Floor, 44 Esplanade
St Helier, JE4 9WG
Jersey
Phone
44-20-7448-4330
Sector
Financial Services
Industry
Asset Management - Leveraged
Employees
N/A
First IPO Date
June 18, 2010
The WisdomTree Long EUR Short GBP is a fully collateralised Exchange Traded Product (ETP), qualifying as UCITS compliant, specifically structured to give investors direct exposure to the Euro's performance against the British Pound. It mirrors the MSFXSM Long Euro/GBP Total Return Index (MSCEGEL). The overall return encompasses the daily fluctuations of foreign exchange forward contracts, where one is long Euro and short Pound sterling, augmented by interest income, after accounting for all product-related fees and expenses. Illustratively, a 1% appreciation of the Euro against the Pound within a single trading day would typically translate to a 1% increase in the ETP's value, prior to any charges. Conversely, a 1% depreciation of the Euro against the Pound over the same timeframe would lead to an equivalent 1% decrease in the ETP's valuation, before fees.