EUFXProShares Short Euro
EUFX Fund Description
EUFX provides the inverse (-1x) of the daily performance of the spot price of the euro, as measured in USD.
EUFX Factset Analytics Insight
EUFX provides inverse exposure to the European currency. It is aimed for investors bearish on the Euro and bullish on USD. The fund is not designed to be a long-term investment product, the fund rebalances its exposure back to -100% on a daily basis. As a result, path dependency and compounding make long-term returns in the fund difficult to predict when compared with the changes in the EUR/USD spot rate. Also keep in mind that EUFX references the EUR/USD cross rate as reported by Bloomberg at 4 pm ET —something that can differ by a few pips when compared with other reference rates.
EUFX Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of EUFX. EUFX is rated a 5 out of 5.