WisdomTree Long JPY Short GBP (GBJP.L) is an exchange-traded commodity (ETC) issued by WisdomTree Multi-Asset Issuer PLC, a subsidiary of WisdomTree, Inc., that provides investors with long exposure to the Japanese yen (JPY) and short exposure to the British pound (GBP) through a total return swap agreement collateralized by swaps and money market instruments; it tracks the Solactive WisdomTree Long JPY Short GBP Index. The ETC offers synthetic currency exposure without requiring physical delivery of currencies, enabling leveraged beta exposure to relative currency movements between JPY and GBP for hedging, speculation, or portfolio diversification purposes. Listed on the London Stock Exchange, it targets institutional and retail investors in the European Economic Area seeking currency risk management tools in the foreign exchange derivatives segment.
Founded in 2006 as part of WisdomTree's expansion into Europe (with WisdomTree, Inc. established in 2006 and headquartered in New York, USA), WisdomTree Multi-Asset Issuer PLC operates from Dublin, Ireland, and manages a range of ETCs and exchange-traded notes across equities, commodities, fixed income, and currencies primarily in Europe. The issuer focuses on transparent, physically backed or swap-based products distributed through exchanges in the UK, Germany, Italy, and other EEA countries.
In recent developments, WisdomTree announced strategic enhancements to its European currency ETC suite in 2024, including expanded collateral diversification and improved liquidity provisions amid volatile GBP-JPY pairs driven by Bank of England and Bank of Japan policy divergences; additionally, WisdomTree, Inc. completed the acquisition of ETF Partners in early 2025, bolstering its active management capabilities that indirectly support product innovations like GBJP.L. No major name changes or reorganizations have occurred for the issuer or this specific ETC within the last two years.