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ETFS Bullish EUR vs G10 Currency Basket Securities

The ETFS Bullish EUR vs G10 Currency Basket (LEUB) is designed to provide investors with a long exposure to the Euro relative to a basket of G10 currencies by tracking the Diversified EUR Long Basket Index (EUR) (TR) (the "Index"). 

LEUB is an exchange traded currency ("ETC"). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC obtains exposure to the Index by entering into unfunded swaps with a counterparty. There is no upfront cash payment by the Issuer to the counterparty when an unfunded swap is created. 

However, daily cash payments are made between the Issuer and the counterparty to reflect the daily movements in the value of the Index. Separately, the Issuer uses the cash it holds to purchase eligible collateral from the counterparty under a daily reverse repurchase agreement ("reverse repo"), an agreement whereby the counterparty agrees to repurchase such eligible collateral from the Issuer the following day. The eligible collateral is held by the custodian in a custody account.
Fund Overview
Base Currency EUR
Daily Change 0.00%
Leverage Factor N/A
Price (NAV) €8.30
Underlying Exposure Long EUR vs. G10
Net Asset Value As of 16 Jul 2019
NAV €8.30
Daily Change N/A
Daily Return 0.00%
Total AUM of fund €119,333.45
Shares Outstanding 14,376
Domicile Jersey
Replication method Synthetic - unfunded swap backed by collateral
Legal form Debt security
Legal structure ETC
Legal Tax
ISA Eligible
Sharia compliant No
Securities regulator Financial Conduct Authority (FCA UK)
SIPP Eligible
UCITS Eligible Eligible
UK Reporting Status Yes
Key Service Providers
Custodian The Bank of New York Mellon
Trustee The Law Debenture Trust Corporation p.l.c.
Issuer ETFS Foreign Exchange Limited
Registrar Computershare Investor Services (Jersey) Ltd
Collateral manager The Bank of New York Mellon
Counterparty Morgan Stanley & Co. International plc
MER 0.49%
Passported Countries
Belgium Belgium
Denmark Denmark
Spain Spain
United Kingdom

Listings & Codes

Listings & Codes




Live Prices

Live Prices
Index Details

Diversified EUR Long Basket Index (EUR) (TR)


The Index gives investors a positive exposure to the Euro relative to a basket of G10 currency pairs. If the Euro were to rise against all nine G10 currencies, then the Index would rise in value. Conversely, if the Euro were to fall in value against all nine G10 currencies, then the Index would fall in value. The index return also includes a component based on the interest rate differentials, reflecting the difference between Eurozone interest rates and those of other countries in the basket and which is obtained by rolling positions daily.

The Index is a total return index, which means that it also provides a collateral yield.


Index Details

Index Details
Index Name Diversified EUR Long Basket Index (EUR) (TR)
Index Provider MSFX
Index Constituent Count 9
Index Type Total Return
Currency EUR
Bloomberg Ticker MSCEERLE
Index Website
Security 15 Jul 2019
1. NOK -1.40%
2. SEK -2.00%
3. CAD -2.20%
4. AUD -3.30%
5. JPY -8.80%
6. CHF -12.60%
7. USD -31.10%
8. GBP -38.60%

Collateral Details

Currency (weighting) 15 Jul 2019
1. Euro 54.51%
2. Pound Sterling 44.85%
3. Cayman Islands Dollar 0.64%
Country (weighting) 15 Jul 2019
2. AUSTRIA 31.96%
3. FINLAND 22.55%
6. ITALY 0.00%
Constituents Top 20 15 Jul 2019
1. UNITED KINGDOM GILT IL 1.25 22NOV27 29.32%
2. REPUBLIC OF AUSTR 1.75 20OCT23 144A 17.32%
3. FINLAND GOVERNMENT 0.5 15APR26 144A 10.56%
4. UNITED KINGDOM GIL 1.875 22NOV22 IL 8.54%
5. REPUBLIC OF AUSTRI 3.4 22NOV22 144A 7.55%
6. UNITED KINGDOM GILT 1.75 07SEP22 6.95%
7. FINLAND GOVERNMENT 2.0 15APR24 144A 5.69%
8. FINLAND GOVERNMENT 0.5 15SEP27 144A 3.19%
9. UNITED KINGDOM GILT 6.0 07DEC28 2.14%
10. FINLAND GOVERNME 1.625 15SEP22 144A 2.04%
11. FINLAND GOVERNME 2.625 04JUL42 144A 1.73%
12. UNITED KINGDOM GILT 2.25 07SEP23 1.57%
13. FINLAND GOVERNME 0.375 15SEP20 144A 1.31%
14. UNITED KINGDOM GILT 1.75 07SEP37 0.60%
15. TENCENT HOLDINGS LTD HKD 0.00002 0.55%
16. UNITED KINGDOM GILT 5.0 07MAR25 0.53%
17. FINLAND GOVERNME 3.375 15APR20 144A 0.20%
18. FINLAND GOVERNMENT 1.5 15APR23 144A 0.13%
19. UNITED KINGDOM GILT 3.75 07SEP19 0.09%


Historical Data


