Description

WisdomTree Long EUR Short GBP is a fully collateralised, UCITS eligible Exchange Traded Product (ETP) designed to provide investors with an exposure to EUR relative to GBP. The ETP tracks the MSFXSM Long Euro/GBP Total Return Index (MSCEGEL), providing a total return comprised of the daily performance of FX forward contracts being Long EUR relative to GBP, plus the interest revenue adjusted to reflect fees and costs associated with the product. For example, if EUR rises by 1% relative to GBP over a day, then the ETP will rise by 1%, excluding fees. However if EUR falls by 1% relative to GBP over a day, then the ETP will fall by 1%, excluding fees.