Bringing you live news and features since 2006 

Euro notes

ETF Securities launches ten Euro-based currency ETCs on Xetra

RELATED TOPICS​

ETF Securities has expanded its exchange-traded currency platform with the listing of ten Euro-based currency ETCs on the Deutsche Börse (Xetra).

 

The ten new currency ETCs track Morgan Stanley Foreign Exchange Indices and are designed to replicate a fully collateralised long or short investment in Euro versus the Swiss Franc, British Pound, Norwegian Krone, Swedish Krona and Yen and also provide exposure to local interest rates.

They complement the existing platform of 18 currency ETCs listed on the London Stock Exchange on the 12 November 2009.

Having currency ETCs based on the Euro allows investors to trade strategies predicated on European macro dynamics. With the Euro being weighed down by debt and default concerns in the current environment, investors can make use of the new currency ETCs to play the relative safety of the Swiss Franc or to play the relative fiscal strength of the Norwegian Krone versus the Euro.

Nik Bienkowski, chief operating officer, says: “ETF Securities is extremely proud to be able to offer these ten new exciting currency ETCs which use the same widely accepted structure as commodity ETCs. This broadens our currency offering to include ten long and short Euro currency ETCs in addition to the existing 18 long and short USD currency ETCs.”

Rainer Riess, managing director of Xetra market development, Deutsche Börse, adds: “We welcome these additional, innovative listings – they underline the leading position of our trading venues in Europe.”

Latest News

News came last night from the US that the SEC has approved CBOE’s proposal to list and trade VanEck’s spot..
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net..
European white label ETF platform, HANetf, has announced its total assets under management (AUM) has now exceeded USD4.31 billion...
New research from European ETF provider Tabula Investment Management shows investors are expecting improvements in ESG from the gold mining..

Related Articles

Timothy Rotolo, Range Funds
In 2023, Timothy Rotolo launched his business, Range Fund Holdings, the parent company for Range Indices and Range ETFs, followed...
Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by