A new exchange traded note (ETN) from the ETFS Foreign Exchange Limited product family has been tradable via Xetra and Börse Frankfurt since Wednesday.
The new currency ETN enables investors to participate in the exchange rate movements of the euro to the Swiss franc with a leverage factor of five.
Exchange Traded Notes are exchange-traded debt securities that track the performance of underlying reference indices. Unlike Exchange Traded Commodities (ETCs), ETNs are based on indices outside commodities. Thus, volatility or the development of currencies becomes tradable.
Deutsche Börse’s product range in the ETF & ETP Segment currently comprises 1,072 ETFs, 186 ETCs and 145 ETNs. This selection, together with an average monthly trading volume of around €13 billion, makes Xetra Europe’s leading trading venue.
