Vontobel Fund - Asia (ex Japan) - A (UEUR)
XFRA 
Summary
UEUR Chart
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Vontobel Fund - Asia (ex Japan) - A Profile
| XFRA Exchange | United States Country |
Overview
The investment aims to mirror the daily outcomes of the VelocityShares Daily 4X Long EUR vs. USD Index. This index is specifically designed to offer investors a leveraged exposure, multiplied by four, to the daily fluctuations in the exchange rate between a pair of currencies, naming the U.S. dollar and a foreign currency. The strategy behind this investment is to provide an aggressive long exposure to one currency, referred to as the “long currency,” in comparison to the other currency, labeled as the “reference currency,” within the chosen currency pair. Additionally, the fund is characterized by its non-diversified status, which means it invests a larger portion of its assets in fewer securities, potentially increasing the risk and volatility.
Products and Services
- 4 Times Leveraged Exposure to EUR/USD
This product aims to offer investors four times the daily leveraged exposure to movements in the spot exchange rate between the Euro and the U.S. dollar. The leverage resets daily, which means the product is best suited for short-term trading strategies rather than long-term investment. The daily reset mechanism means that the compounding effect of the leverage can result in outcomes that differ significantly from the 4x exposure to the underlying currency pair's movements over periods longer than a day.
