ETF Securities (ETFS) has created an exchange-traded currency platform, with 18 currency ETCs due to commence trading next week.
The initial range will be listed on the London Stock Exchange, and tracks Morgan Stanley Foreign Exchange indices designed to replicate a fully collateralised long or short investment in one of the G10 currencies against the US dollar. The G10 currencies include the Australian dollar, Canadian dollar, Swiss franc, euro, British pound, Norwegian Krone, Japanese Yen, Swedish Krona and New Zealand dollar. The products also offer exposure to local interest rates, as well as the FX movements between the respective currency and US dollar. The ETCs are fully collateralised, to mitigate count...
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