UBS has been granted a licence from FTSE Group to use its recently launched currency product, FTSE WPU (World Parity Unit).
The development means UBS can now offer its client-base a range of investment and hedging products linked to FTSE WPU. The market need for this latest market niche was prompted by UBS identifying investor appetite for currency-risk management tools as currency fluctuations continue to present a significant risk in international investment. UBS’ Tom Paynes envisages the FTSE WPU to be widely used by asset managers, funds and wealthy individuals looking to protect the real value of their portfolio in a globalised economy. UBS describes the FTSE WPU as an “innovative addition to the gro...
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