Description

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