Twelve New Currency ETNs Issued by ETF Securities launched on Xetra
First emerging market currency ETNs with long or short exposure tradable on Xetra
Deutsche Börse: Eight additional euro-based currency ETNs and the first four emerging market-based currency ETNs, all issued by ETF Securities, are tradable on Xetra.
“We are pleased to be further expanding Deutsche Börse’s ETP segment with ETF Securities’ innovative products. The currency ETNs newly listed on Xetra enable investors to further diversify their portfolios,” said Rainer Riess, Managing Director of Xetra Market Development at Deutsche Börse.
“With currency ETNs, investors now have a broad variety of tactical and strategic currency investment opportunities. Of particular interest will be the Emerging Market currency ETNs, which offer investors the opportunity to participate in both the potential currency appreciation and a more dynamic interest rate environment. Both investment strategies, potential currency appreciation and changing interest rates are possible with Currency ETCs, either long or short,” said Michael Geister, Senior Executive at ETF Securities.
With the 12 new currency ETNs, ETF Securities allows investors to participate in the performance of more currency indices. The underlying indices track the exchange rates of the euro to the Australian dollar, Canadian dollar, New Zealand dollar and US dollar. Investors can profit from a rising or falling euro rate depending on the ETN they choose.
Moreover, they can invest in emerging market-based currency ETNs for the first time. The underlying indices track the exchange rate of the US dollar to the Chinese renminbi and Indian rupee. Investors can also choose to profit from rising or falling US dollar rates with these ETNs.
Deutsche Börse combines the ETC and ETN asset classes in its Exchange Traded Products segment (ETPs). Deutsche Börse’s ETF and ETP range currently comprises 674 ETFs, 171 ETCs and 31 ETNs.
The new products with ISIN and management fee are listed in the table attached to this mail.
Xetra® is a registered trademark of Deutsche Börse AG.
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