WisdomTree Long GBP Short EUR 3x Daily (EGB3.MI)

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This Exchange Traded Product (ETP), offered by WisdomTree and titled "Long GBP Short EUR 3x Daily," is a fully collateralised investment vehicle that adheres to UCITS eligibility standards. Its primary aim is to deliver investors magnified, three-times daily exposure to the British Pound's performance relative to the Euro. The ETP's performance replicates that of the MSFXSM Triple Long British Pound/Euro Total Return Index (MSCEEGUL). The overall return encompasses three times the daily change in FX forward contracts that are positioned long GBP and short EUR, alongside any accrued interest income, after accounting for all associated product fees and operational costs. For instance, a 1% daily appreciation of the British Pound against the Euro would typically result in a 3% gain for the ETP (before fees); conversely, a 1% daily depreciation of GBP versus EUR would lead to a 3% loss in the ETP's value (also before fees).