First currency ETVs on Euronext
Amsterdam, Brussels, Lisbon, Paris – 2 July 2014: Today ETF Securities listed a range of currency Exchange Traded Vehicles (ETVs) on Euronext Amsterdam, which are the first ETVs on Euronext that give exposure to currency pairs.
The new products allow investors to capitalize on an increase or decrease of the Japanese Yen without any leverage, or to anticipate on an increase or decrease of the Japanese Yen or US dollar with a leverage factor of 3. Leveraged ETVs enable investors to trade on a short term basis with a competitive total cost of ownership.
Currency ETVs appeal to investors wishing to diversify their portfolio through the addition of a new asset class which has a low correlation with equities and bonds, or wanting to take advantage of tactical or strategic macro opportunities using the foreign exchange market.
Philippe Roset, Head Benelux of ETF Securities states: “ETF Securities have seen currency ETPs becoming increasingly popular in recent years as evidenced by US$100 million inflows in our currency ETPs in 2013 and US$144 million YTD in 2014. Even though more investors are using our currency ETPs in other European markets, they have not previously been easy to access for investors in The Netherlands or Belgium. The 6 new currency products will offer investors in these countries an efficient way of accessing this new asset class. The EUR/USD currency ETPs continue to be the most popular with investors as concerns over deflation within the Eurozone has prompted over US$90mn in inflows into ETFS 3x Long USD Short Euro in 2014.”
Danielle Ballardie, Head of Cash markets at Euronext, said: “We’re delighted to welcome the new currency ETVs to our Amsterdam market. With these new products we’re adding a new asset class to Euronext’s wide offering of ETFs and ETVs, providing investors with new investment opportunities. It is yet another example of expanding our product offering, being a leading capital raising center.”
ETVs provide investors exposure to underlying assets such as futures contracts, commodities, and currencies without actually trading futures or ever taking physical delivery of the underlying assets.
Currently Euronext has 609 ETFs (Exchange Traded Funds) and 23 ETVs listed on its markets.
Product information
NAME |
Bloomberg |
Reuters |
Trading Code |
ISIN code |
TER |
SEDOL |
---|---|---|---|---|---|---|
ETFS Long JPY Short EUR |
EUJP NA |
EUJP.AS |
EUJP |
JE00B3MWC642 |
0.39000 |
BNHL2V1 |
ETFS Short JPY Long EUR |
JPEU NA |
JPEU.AS |
JPEU |
JE00B3KNMS14 |
0.39000 |
BNHL2W2 |
ETFS 3x Long USD Short EUR |
EUS3 NA |
EUS3.AS |
EUS3 |
JE00B3QQ4551 |
0.98000 |
BNHL2X3 |
ETFS 3x Short USD Long EUR |
USE3 NA |
USE3.AS |
USE3 |
JE00B3T3K772 |
0.98000 |
BNHL2Z5 |
ETFS 3x Short JPY Long EUR |
JPE3 NA |
JPE3.AS |
JPE3 |
JE00B44CBN95 |
0.98000 |
BNHL307 |
ETFS 3x Long JPY Short EUR |
EJP3 NA |
EJP3.AS |
EJP3 |
JE00B3WDZY68 |
0.98000 |
BNHL318 |
About ETF Securities
ETF Securities is one of the world’s leading providers of exchange-traded investment products and a pioneer in exchange-traded commodities. We are dedicated to developing liquid, transparent investment solutions that can be traded on world stock exchanges. The company has a strong history of product innovation and this remains a key tenet of our guiding philosophy. Our management team listed the world’s first gold exchange-traded commodity in 2003, and many other market-leading investment solutions have since followed. Today ETF Securities offers what we believe to be the world’s most comprehensive range of exchange-traded commodities and is responsible for approximately US$ 19.55 billion in global investor assets.* *As at 30 June
To learn more about ETF Securities go to: www.etfsecurities.com