Description

WisdomTree Short USD Long GBP 3x Daily is a fully collateralised, UCITS eligible Exchange Traded Product (ETP) designed to provide investors with a leveraged short exposure to USD relative to GBP. The ETP tracks the MSFXSM Triple Short US Dollar/GBP Total Return Index (MSCEGUUS), providing a total return comprised of 3 times the daily performance of FX forward contracts being Short USD relative to GBP, plus the interest revenue adjusted to reflect fees and costs associated with the product. For example, if USD rises by 1% relative to GBP over a day, then the ETP will fall by 3%, excluding fees. However if USD falls by 1% relative to GBP over a day, then the ETP will rise by 3%, excluding fees.