Description

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