ETFS unveils 10 currency ETNs in Germany

The ETNs provide investors with long or short exposure to the performance of the euro against G-10 currencies, including the Swiss franc, British pound, Norwegian krone, Swedish krona and Japanese yen. The notes deliver returns by tracking Morgan Stanley Foreign Exchange indices (MSFX), which replicate long or short investment in the euro against the respective currency. The indices also provide exposure to local interest rates. ETFS highlights the total value of the currency ETCs outstanding is backed by between 100% and 110% of eligible collateral, held in a segregated custody ac...