WisdomTree Short USD Long EUR (USEU.MI)
Company overview
This WisdomTree Exchange Traded Product (ETP), titled "Short USD Long EUR," is a fully collateralized, UCITS-compliant investment vehicle. Its primary objective is to provide investors with focused exposure to the relative performance of the US Dollar against the Euro. The ETP achieves this by mirroring the MSFXSM Short US Dollar/Euro Total Return Index (MSCEEUS). This index's overall return is generated from the daily movements of foreign exchange forward contracts that take a short position on the US Dollar and a long position on the Euro, augmented by interest income, and then adjusted to account for the product's inherent fees and expenses. Consequently, the ETP's performance is inversely correlated with the US Dollar's strength relative to the Euro: should the US Dollar strengthen by 1% against the Euro in a single day, the ETP's value would typically decline by 1% (prior to charges). Conversely, a 1% weakening of the US Dollar versus the Euro over the same daily period would generally lead to an approximate 1% increase in the ETP's value (excluding costs).
No price history available.
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
WisdomTree Short USD Long EUR (USEU.MI)
No price history available.
This WisdomTree Exchange Traded Product (ETP), titled "Short USD Long EUR," is a fully collateralized, UCITS-compliant investment vehicle. Its primary objective is to provide investors with focused exposure to the relative performance of the US Dollar against the Euro. The ETP achieves this by mirroring the MSFXSM Short US Dollar/Euro Total Return Index (MSCEEUS). This index's overall return is generated from the daily movements of foreign exchange forward contracts that take a short position on the US Dollar and a long position on the Euro, augmented by interest income, and then adjusted to account for the product's inherent fees and expenses. Consequently, the ETP's performance is inversely correlated with the US Dollar's strength relative to the Euro: should the US Dollar strengthen by 1% against the Euro in a single day, the ETP's value would typically decline by 1% (prior to charges). Conversely, a 1% weakening of the US Dollar versus the Euro over the same daily period would generally lead to an approximate 1% increase in the ETP's value (excluding costs).
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