Description

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