FTSE Group (“FTSE”), the award winning global index provider grants UBS AG the first licence for the recently launched currency solution, FTSE WPU (World Parity Unit). The swift adoption of FTSE WPU will allow UBS to….
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Launched earlier this year, FTSE WPU is an innovative addition to the growing range of FTSE’s non-equity indices, which includes a variety of currency and commodity indices. FTSE WPU represents a single ‘currency unit’ comprised of a liquid basket of the seven most traded developed market currencies, the four BRIC currencies and storable commodities; gold and oil.
The multi-asset solution employs a robust and transparent rules-based methodology, and takes into account the growing power of emerging markets over global pricing policy, as well as the significance of commodities in mitigating inflation risk.
Source: ETFWorld – FTSE Group (“FTSE”)
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