- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 3rd Floor, 44 Esplanade St Helier Jersey JE4 9WG
- IPO Date
- Jun 18, 2010
- Business
- WisdomTree Long EUR Short GBP (GBUR.L) is a fully collateralised, UCITS eligible exchange traded product (ETP) issued by WisdomTree Foreign Exchange Limited that provides investors with targeted exposure to the euro (EUR) relative to the British pound (GBP) by tracking the MSFXSM Long Euro/GBP Total Return Index (MSCEGEL). The ETP delivers a total return comprised of the daily performance of FX forward contracts reflecting a long position in EUR versus GBP, plus collateral yield from interest rate differentials adjusted for fees and costs; for instance, a 1% daily appreciation of EUR against GBP results in a corresponding 1% gain in the ETP, excluding fees. It employs a synthetic replication method via unfunded swaps backed by collateral, managed with a total expense ratio of 0.39%, and trades on the London Stock Exchange in GBP with the ISIN JE00B3Y3SZ64.
The product targets investors seeking currency market views, hedging strategies, or tactical allocations within the foreign exchange asset class, serving professional and retail investors across Europe through passporting in countries including the UK, Germany, France, Italy, and others such as Austria, Belgium, Denmark, Finland, Spain, Ireland, Luxembourg, the Netherlands, Norway, Poland, and Sweden. Fully collateralised with assets held by The Bank of New York Mellon as collateral administrator and The Law Debenture Trust Corporation p.l.c. as trustee, it ensures limited recourse to the issuer and caps investor losses at the principal amount invested. Launched on June 21, 2010, and domiciled in Jersey, the ETP maintains liquidity via authorised participants and market makers on exchange.
No major strategic changes, such as partnerships, acquisitions, funding rounds, new product launches, or reorganizations specific to this ETP, have been reported in the last 1-2 years as of late 2025; it continues to operate steadily under WisdomTree's multi-asset issuer platform with ongoing performance tracking and collateral management aligned to its prospectus.