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0LIP

49.666 EUR
0.086
0.17%
Last update May 15, 9:56 PM CEST
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49.58
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WT Long GBP Short EUR Mutual Fund
49.67
0.09
0.17%

Overview

Description

The WT Long GBP Short EUR Mutual Fund is a specialized financial instrument designed to capitalize on currency fluctuations between the British Pound (GBP) and the Euro (EUR). This mutual fund primarily focuses on holding a leveraged position that benefits from a strengthening GBP relative to the EUR. It is structured to allow investors to gain exposure to currency market dynamics without directly buying or selling currency pairs themselves. By taking a 'long' position in GBP and a 'short' position in EUR, the fund effectively bets on the appreciation of the British currency while simultaneously betting against the Euro. This strategy is particularly appealing in times of anticipated economic or political shifts that could influence currency values, such as changes in interest rates, economic data releases, or geopolitical events. The fund appeals primarily to those interested in the foreign exchange markets, offering an alternative to traditional currency trading by incorporating a balanced approach with professional management. It plays a significant role in diversifying an investment portfolio, as currency movements often behave independently of stock and bond market trends.

About

Address
Phone
Website
Instrument type
Mutual fund
Country
Germany
MIC code
XSTU
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