ETF Securities Offers First Currency-ETNs on Xetra
Ten Exchange Traded Notes (ETNs) issued by the issuer ETF Securities have been tradable on Xetra since Wednesday.
With the new ETNs, ETF Securities offers investors a first opportunity to participate in the performance of currencies. The underlying indices display the exchange rate development of the Euro against Swiss Franc, British Pound, Norwegian Krone, Swedish Krona and Yen. Depending on the investor’s choice he has the opportunity to benefit from an either rising or declining Euro rate.
“We welcome these further innovative listings – they underline our market-leading position of trading in Europe,” said Rainer Riess, Managing Director of Xetra Market Development at Deutsche Börse.
Unlike exchange traded commodities (ETCs), which have been tradable with Deutsche Börse since 2006, ETNs are based on indices outside the commodities sector. Deutsche Börse combines the asset categories ETCs and ETNs into the product range Exchange Traded Products (ETPs). The ETF- and ETP product range currently comprises 589 ETFs, 155 ETCs and 12 ETNs.
Xetra is a registered trademark of Deutsche Börse AG.
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