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Five ETNs on currency baskets from the ETF Securities product offering have been tradable on Xetra since Monday. The new ETNs track the performance of four tactical and one strategic currency basket.
The first tactical currency basket offered as either long or short, is a Morgan Stanley index which tracks the performance of the euro against G10 currencies.
- ETFS Bullish EUR vs G10 Currency Basket Securities (DE000A12Z3R4)
- ETFS Bearish EUR vs G10 Currency Basket Securities (DE000A12Z3Q6)
The second tactical currency basket, which is also offered as long or short, is a Morgan Stanley index which tracks the performance of currencies whose countries heavily depend on the export of commodities. The basket contains the Australian dollar, New Zealand dollar, Norwegian krone and the Canadian dollar. These four currencies are generally known as commodity currencies.
- ETFS Bullish USD vs Commodity Currency Basket Securities (DE000A12Z3T0)
- ETFS Bearish USD vs Commodity Currency Basket Securities (DE000A12Z3S2)
The strategic currency basket is based on four separate strategy components that track different investment themes within the currency sector. This is also a Morgan Stanley index which indentifies and realises yield opportunities for G10 currencies against the US dollar.
- ETFS G10 vs Multi Strategy FX Basket Security (DE000A12Z3U8)
Deutsche Börse places the asset classes ETCs and ETNs in the product class exchange-traded products (ETPs). Deutsche Börse’s ETF and ETP product range currently comprises 1,040 ETFs, 225 ETCs and 135 ETNs.
