ETF Securities has launched 16 ETCs providing triple long and short exposure to currencies.
The firm says the range of triple leveraged ETCs, listed on the London Stock Exchange, is the first of its kind in Europe. The products provide the leveraged exposure by tracking triple long and short versions of the MSFC indices, created by Morgan Stanley. ETFS says the ETCs are also at least 100% collateralised and the maximum possible loss is the value of the initial investment. The products work by rebalancing on a daily basis, meaning they aim to deliver three times the daily respective index return. When held for periods longer than one day, the returns are path dependent, me...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
