WisdomTree Short NOK Long EUR (NOEU.MI)

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The WisdomTree Short NOK Long EUR is a fully collateralized Exchange Traded Product (ETP) that meets UCITS standards. It provides investors with targeted exposure to the Norwegian Krone (NOK) relative to the Euro (EUR), specifically designed to benefit from a decline in the NOK's value against the EUR. The ETP aims to track the performance of the MSFXSM Short Norwegian Krone/Euro Total Return Index (MSCEENS). Its total return is comprised of the daily changes in FX forward contracts that are short NOK and long EUR, along with any earned interest, all adjusted for the product's fees and operational expenses. As an illustration, a 1% appreciation of the NOK against the EUR over a day would typically result in a 1% decrease in the ETP's value (before fees). Conversely, a 1% depreciation of the NOK relative to the EUR during the same period would generally lead to a 1% increase in the ETP's value (excluding fees).