Description

This WisdomTree offering is a fully secured, UCITS-compliant Exchange Traded Product (ETP) designed to give investors amplified daily exposure to the Japanese Yen relative to the US Dollar. It mirrors the performance of the MSFXSM Triple Long Japanese Yen Total Return Index (MSCEJPUL), aiming to provide a total return equal to three times the daily movement of long JPY versus short USD foreign exchange forward contracts. This total return also incorporates interest income, after accounting for all product-related fees and expenses. For instance, if the JPY strengthens by 1% against the USD in a single day, the ETP is structured to gain 3%, prior to fees. Conversely, a 1% daily depreciation of the JPY versus the USD would lead to a 3% loss for the ETP, also before fees.