ETF Securities unveils triple leveraged currency ETCs

The firm says the range of triple leveraged ETCs, listed on the London Stock Exchange, is the first of its kind in Europe. The products provide the leveraged exposure by tracking triple long and short versions of the MSFC indices, created by Morgan Stanley. ETFS says the ETCs are also at least 100% collateralised and the maximum possible loss is the value of the initial investment. The products work by rebalancing on a daily basis, meaning they aim to deliver three times the daily respective index return. When held for periods longer than one day, the returns are path dependent, me...