\n| ETFS Long INR Short USD<\/td>\n | LINR<\/td>\n | ETFS Short INR Long USD<\/td>\n | SNIR<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n G-10 Currencies vs. GBP<\/strong> <\/p>\n\n\n\nSecurity Name<\/strong><\/td>\nLSE Code<\/strong><\/td>\nSecurity Name<\/strong><\/td>\nLSE Code<\/strong><\/td>\n<\/tr>\n\n| ETFS Long AUD Short GBP<\/td>\n | GBAU<\/td>\n | ETFS Short AUD Long GBP<\/td>\n | AUGB<\/td>\n<\/tr>\n | \n| ETFS Long CAD Short GBP<\/td>\n | GBCA<\/td>\n | ETFS Short CAD Long GBP<\/td>\n | CAGB<\/td>\n<\/tr>\n | \n| ETFS Long CHF Short GBP<\/td>\n | GBCH<\/td>\n | ETFS Short CHF Long GBP<\/td>\n | CHGB<\/td>\n<\/tr>\n | \n| ETFS Long EUR Short GBP<\/td>\n | GBUR<\/td>\n | ETFS Short EUR Long GBP<\/td>\n | URGB<\/td>\n<\/tr>\n | \n| ETFS Long JPY Short GBP<\/td>\n | GBJP<\/td>\n | ETFS Short JPY Long GBP<\/td>\n | JPGB<\/td>\n<\/tr>\n | \n| ETFS Long NOK Short GBP<\/td>\n | GBNO<\/td>\n | ETFS Short NOK Long GBP<\/td>\n | NOGB<\/td>\n<\/tr>\n | \n| ETFS Long NZD Short GBP<\/td>\n | GBNZ<\/td>\n | ETFS Short NZD Long GBP<\/td>\n | NZGB<\/td>\n<\/tr>\n | \n| ETFS Long SEK Short GBP<\/td>\n | GBSK<\/td>\n | ETFS Short SEK Long GBP<\/td>\n | SKGB<\/td>\n<\/tr>\n | \n| ETFS Long USD Short GBP<\/td>\n | GBUS<\/td>\n | ETFS Short USD Long GBP<\/td>\n | USGB<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\nCurrency ETCs are designed to replicate a fully collateralised long or short investment in either deliverable forward contracts (in the case of developed market currencies) or non deliverable forward contracts (in the case of emerging market currencies). All Currency ETCs are fully collateralised in order to mitigate counter-party risk and listed in the ETC segment of the LSE. <\/p>\n Currency ETCs are intended for investors wishing to diversify their portfolio through the addition of a new asset class which has a low correlation with equities and bonds, or for those investors wanting to take advantage of tactical or strategic macro opportunities using the foreign exchange market. To date, Currency ETCs exposed to JPY, AUD, GBP and EUR have been the most popular. Since the launch of the Currency ETCs in November 2009, assets have grown to approximately $200 million 4th June 2010 and average monthly trading volumes have risen strongly, up over 970% since start of 2010 . <\/p>\n Nik Bienkowski, Chief Operating Officer, commenting on the launch, said:<\/strong> <\/p>\n\u201cCurrencies have been around for many centuries, however until the turn of the 20th century, investors focused primarily on equities and bonds. With today\u2019s financial crisis continuing and the poor performance of equities over the past ten years, we\u2019ve seen that investors are looking for liquid and transparent markets and thus currencies are starting to appear on their radar screens. In addition, currencies are driven by the macro environment which has shown high volatility in the past few years, and because currencies are valued relative to other currencies, therefore if one goes up then the other must go down. Thus depending on whether an investor has gone long or short, an investor can potentially profit regardless of market direction\u201d.<\/em> <\/p>\nMartin Arnold, Senior Research Analyst, commenting on the launch, said:<\/strong> <\/p>\n\u201cStrong growth in recent years has forced policymakers to tighten monetary policy to contain inflationary pressures in certain Asian emerging countries. The Chinese Renminbi has appreciated by approximately 18% versus USD over the past five years against a back drop of 8% to 12% p.a. GDP growth in China and one of the worst financial crises ever in the United States. Over the same period, the Indian Rupee has slightly depreciated against USD despite India\u2019s 6% to 10% p.a. GDP growth. Further rate hikes and currency revaluations might be expected for these two economies which are dominating growth in the region. Currency ETCs tracking emerging NDF markets, namely the Chinese Renminbi and the Indian Rupee, provide an investment vehicle to take advantage of potential policy changes\u201d. <\/em><\/p>\nIn the current environment the critical issue from a UK perspective is the parlous fiscal situation: while the newly formed Coalition British government is cognisant of the importance of reducing the deficit, the key is the implementation of effective policy. Investors appear to be growing confident that this can happen. However, against other G10 currencies like the Norwegian Krone, where fiscal problems are non-existent, the outlook for GBP looks somewhat more bleak. A similarly bleak outlook could be in store for GBP against the New Zealand Dollar, where rate hikes are increasingly expected. Being able to trade GBP against other G10 currencies through Currency ETCs now offer investors additional flexibility.\u201d<\/em> <\/p>\nCommenting, Pietro Poletto, Head of Fixed Income at London Stock Exchange Group, said:<\/strong> <\/p>\n“London has long been the global centre for foreign exchange trading, with an unparalleled pool of investors and expertise. The products launched on the London Stock Exchange today will enhance that status by offering a new way to access increasingly significant and sought after currencies from around the world. Currencies like the Indian Rupee and the Chinese Remnimbi, not previously tradable on a stock exchange, can now be traded in a new way in the world’s foreign exchange capital. <\/em><\/p>\nThe products launched today will further diversify the range of instruments hosted by London Stock Exchange Group which as well as hosting Europe’s first suite of Currency ETCs, is Europe’s leading ETP exchange, hosting more trades than any other operator, and listing over 700 products across London and Milan.” <\/em><\/div>\nSource: ETFWorld – ETFSecurities<\/p>\n <\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"ETF Securities to expand Currency ETC platform with 22 new Currency ETCs including Europe\u2019s first listing of emerging market currencies…<\/p>\n","protected":false},"author":2,"featured_media":16259,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"telegram_tosend":false,"telegram_tosend_message":"","telegram_tosend_target":0,"footnotes":"","_wpscp_schedule_draft_date":"","_wpscp_schedule_republish_date":"","_wpscppro_advance_schedule":false,"_wpscppro_advance_schedule_date":"","_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[39],"tags":[],"class_list":["post-12366","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-etc-etc"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/12366","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/comments?post=12366"}],"version-history":[{"count":0,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/12366\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/16259"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=12366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=12366"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=12366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}} | | | | | |