Overview
Description
The WT Long USD Short EUR 3x Daily Fund is an exchange-traded product designed to provide investors with three times the daily performance of a position that is long the US Dollar against the Euro. Primarily, this fund aims to capitalize on movements in the currency market, specifically targeting the US Dollar's appreciation relative to the Euro. This leveraged fund is particularly tailored for sophisticated investors, currency traders, and financial professionals looking to express high-conviction trades or short-term speculative strategies.
The fund leverages financial instruments such as swaps and derivatives to magnify the performance of the underlying currency position daily, rebalancing at the close of each trading session to maintain the 3x leverage target. Given its structure, this fund is sensitive to market volatility and is most effective over very short investment horizons. It's important in the landscape of currency trading, offering a tool for hedging or boosting exposure to forex dynamics between the world's leading economies—the United States and the Eurozone. This fund is significant for those scrutinizing macroeconomic trends, central bank policies, and geopolitical developments impacting currency valuations.
About
Address
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Phone
+44 20 7355 9810
Website
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Instrument type
ETF
Country
Italy
MIC code
XMIL