{"id":12697,"date":"2010-11-12T08:00:00","date_gmt":"2010-11-12T08:00:00","guid":{"rendered":"http:\/\/starthostunlimiteddmffassi-ss.stackstaging.com\/etfworld.co.uk\/index.php\/2010\/11\/12\/etf-securities-launches-triple-long-and-triple-short-currency-etcs\/"},"modified":"2010-11-12T08:00:00","modified_gmt":"2010-11-12T08:00:00","slug":"etf-securities-launches-triple-long-and-triple-short-currency-etcs","status":"publish","type":"post","link":"https:\/\/www.etfworld.com\/nl\/etf-securities-launches-triple-long-and-triple-short-currency-etcs\/","title":{"rendered":"ETF Securities Launches Triple Long and Triple Short Currency ETCs"},"content":{"rendered":"<p style=\"text-align: justify;\">\n<p style=\"text-align: justify;\">ETF Securities has listed 16 currency ETCs on the London Stock Exchange,  tracking the triple long and triple short versions of the MSFX<sup>SM<\/sup> Indices published by Morgan Stanley &#038; Co Inc.  The launch of the  triple leveraged currency ETCs is a first of its kind in Europe.<span class=\"heading\">&#8230;<\/span><\/p>\n<ul> <\/ul>\n<ul> <\/ul>\n<p><span lang=\"fr-FR\"> <\/span><\/p>\n<p>  <!--more-->  <\/p>\n<hr \/>\n<p>Sign up for our weekly Newsletter and receive the latest ETF and ETC      news. <a href=\"index.php?option=com_acymailing&#038;view=user&#038;Itemid=1016\"><strong>Click      here to register for your free copy             <\/p>\n<hr \/>\n<p> <\/strong><\/a><\/p>\n<p style=\"text-align: justify;\">Structurally, the triple leveraged currency ETCs have unique features  which are otherwise not available to investors wanting to access foreign  exchange &#8211; they are at least 100% collateralised and the maximum  possible loss is the value of the initial investment.   <\/p>\n<p>The MSFX<sup>SM<\/sup> Indices rebalance daily, meaning that  returns over periods longer than one day are path dependent. The triple  leveraged currency ETCs therefore have the scope to deliver compound  returns in trending markets and will likely underperform in volatile,  directionless markets.  It is important that investors understand this  feature of the returns, the details of which are further set out in the  UK Listing Authority-approved prospectus for these products.  <\/p>\n<p> <strong>Commenting on the launch of the new products, Neil Jamieson, Director of Third Party Distribution at ETF Securities, said:<\/strong> <\/p>\n<p><em>\u201cThis is an exciting opportunity for investors.  The triple  long and triple short currency ETCs can be used by investors both to  hedge and to capture market trends.  On the latter point, foreign  exchange markets are often driven by momentum.  Given the historically  low levels of volatility on currency pairs, the triple currency ETCs can  prove to be a powerful vehicle to capture market trends. <\/em><\/p>\n<p><em>The near 850% appreciation, despite the sharp reversal in 2008,  of the triple long Australian Dollar short US Dollar version of the MSFX<sup>SM<\/sup> Index (Triple Long Australian Dollar Index (TR)) in the period from  January 2002 to October 2010 (based on simulated data) illustrates how a  trending market can deliver exceptional returns.\u201d<\/em> <\/p>\n<p><strong>ETF Securities\u2019 triple long and triple short currency ETCs listed on the LSE are as follows:<\/strong> <\/p>\n<p id=\"physicalTable\">\n<p style=\"text-align: justify;\">\n<table style=\"width: 100%;\" border=\"0\" cellpadding=\"4\" cellspacing=\"1\">\n<tbody style=\"text-align: left;\">\n<tr style=\"text-align: justify;\" class=\"tableHeading\">\n<td style=\"text-align: left;\" width=\"35%\"><strong>Triple Long &#8211; GBP Indices<\/strong><\/td>\n<td style=\"text-align: left;\" width=\"15%\"><strong>Code<\/strong><\/td>\n<td style=\"text-align: left;\" width=\"35%\"><strong>Index<\/strong><\/td>\n<td style=\"text-align: left;\" width=\"15%\"><strong>Index BBG<\/strong><\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Long AUD Short GBP<\/td>\n<td style=\"text-align: left;\">AUP3<\/td>\n<td style=\"text-align: left;\">Triple Long Australian Dollar\/GBP Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEGAUL<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Long USD Short GBP<\/td>\n<td style=\"text-align: left;\">USP3<\/td>\n<td style=\"text-align: left;\">Triple Long US Dollar\/GBP Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEGUUL<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Long JPY Short GBP<\/td>\n<td style=\"text-align: left;\">JPP3<\/td>\n<td style=\"text-align: left;\">Triple Long Japanese Yen\/GBP Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEGJUL<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Long EUR Short GBP<\/td>\n<td style=\"text-align: left;\">EUP3<\/td>\n<td style=\"text-align: left;\">Triple Long Euro\/GBP Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEGEUL<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\" class=\"tableHeading\">\n<td style=\"text-align: left;\" width=\"35%\"><strong>Triple Short &#8211; GBP Indices\ufffd<\/strong><\/td>\n<td style=\"text-align: left;\" width=\"15%\"><strong> <\/strong><\/td>\n<td style=\"text-align: left;\" width=\"35%\"><strong> <\/strong><\/td>\n<td style=\"text-align: left;\" width=\"15%\"><strong> <\/strong><\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Short AUD Long GBP<\/td>\n<td style=\"text-align: left;\">SAP3<\/td>\n<td style=\"text-align: left;\">Triple Short Australian Dollar\/GBP Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEGAUS<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Short USD Long GBP<\/td>\n<td style=\"text-align: left;\">PUS3<\/td>\n<td style=\"text-align: left;\">Triple Short US Dollar\/GBP Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEGUUS<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Short JPY Long GBP<\/td>\n<td style=\"text-align: left;\">SYP3<\/td>\n<td style=\"text-align: left;\">Triple Short Japanese Yen\/GBP Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEGJUS<\/td>\n<td style=\"text-align: left;\"><\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Short EUR Long GBP<\/td>\n<td style=\"text-align: left;\">SUP3<\/td>\n<td style=\"text-align: left;\">Triple Short Euro\/GBP Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEGEUS<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\" class=\"tableHeading\">\n<td style=\"text-align: left;\" width=\"35%\"><strong>Triple Long &#8211; USD Indices\ufffd<\/strong><\/td>\n<td style=\"text-align: left;\" width=\"15%\"><strong>Code<\/strong><\/td>\n<td style=\"text-align: left;\" width=\"35%\"><strong>Index<\/strong><\/td>\n<td style=\"text-align: left;\" width=\"15%\"><strong>Index BBG<\/strong><\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Long AUD Short USD<\/td>\n<td style=\"text-align: left;\">LAU3<\/td>\n<td style=\"text-align: left;\">Triple Long Australian Dollar Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEAUUL<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Long GBP Short USD<\/td>\n<td style=\"text-align: left;\">LGB3<\/td>\n<td style=\"text-align: left;\">Triple Long British Pound Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEGBUL<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Long JPY Short USD<\/td>\n<td style=\"text-align: left;\">LJP3<\/td>\n<td style=\"text-align: left;\">Triple Long Japanese Yen Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEJPUL<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Long EUR Short USD<\/td>\n<td style=\"text-align: left;\">LEU3<\/td>\n<td style=\"text-align: left;\">Triple Long Euro Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEERUL<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\" class=\"tableHeading\">\n<td style=\"text-align: left;\">Triple Short &#8211; USD Indices<\/td>\n<td style=\"text-align: left;\" width=\"15%\"><strong> <\/strong><\/td>\n<td style=\"text-align: left;\" width=\"35%\"><strong> <\/strong><\/td>\n<td style=\"text-align: left;\" width=\"15%\"><strong> <\/strong><\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Short AUD Long USD<\/td>\n<td style=\"text-align: left;\">SAU3<\/td>\n<td style=\"text-align: left;\">Triple Short Australian Dollar Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEAUUS<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Short GBP Long USD<\/td>\n<td style=\"text-align: left;\">SGB3<\/td>\n<td style=\"text-align: left;\">Triple Short British Pound Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEGBUS<\/td>\n<\/tr>\n<tr style=\"text-align: justify;\">\n<td style=\"text-align: left;\">ETFS 3x Short JPY Long USD<\/td>\n<td style=\"text-align: left;\">SJP3<\/td>\n<td style=\"text-align: left;\">Triple Short Japanese Yen Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEJPUS<\/td>\n<\/tr>\n<tr style=\"text-align: left;\">\n<td style=\"text-align: justify;\">ETFS 3x Short EUR Long USD<\/td>\n<td style=\"text-align: justify;\">SEU3<\/td>\n<td style=\"text-align: justify;\">Triple Short Euro Index (TR)<\/td>\n<td style=\"text-align: left;\">MSCEERUS<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Source: ETFWorld &#8211; ETFSecurities <span style=\"color: #000000;\"><span style=\"font-family: Courier New,monospace;\"><span lang=\"fr-FR\"> <\/span><\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ETF Securities has listed 16 currency ETCs on the London Stock Exchange, tracking the triple long and triple short versions of the MSFXSM Indices published by Morgan Stanley &#038; Co Inc. The launch of the triple leveraged currency ETCs is a first of its kind in Europe.&#8230;<\/p>\n","protected":false},"author":2,"featured_media":16560,"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-12697","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\/12697","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=12697"}],"version-history":[{"count":0,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/posts\/12697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media\/16560"}],"wp:attachment":[{"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/media?parent=12697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/categories?post=12697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.etfworld.com\/nl\/wp-json\/wp\/v2\/tags?post=12697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}