UEURVelocityShares Daily 4x Long EUR vs USD ETN
UEUR Fund Description
The VelocityShares Daily 4x Long EUR vs USD ETN designed to provide 4x leveraged exposure, reset daily, to changes in spot exchange rate between the Euro and the US dollar plus the overnight interest rate changes in the two currencies.
UEUR Factset Analytics Insight
UEUR is a short-term trading vehicle providing 4x leveraged exposure to the EUR/USD cross, rebalanced daily. The note’s returns may differ significantly from the performance of the euro against the dollar for any holding period longer than one day—a result of the effects of path dependency and compounding. Also, keep in mind that the note’s fixing indicative value is calculated just once a day, approximately 30 minutes before the opening trading session on NYSE Arca. Unexpected events or actions can occur outside of market trading hours. These events may cause rapid and dramatic depreciation in the value of UEUR, which you may not be able to sell. Because of the 4x leverage provided by this product, a decline of 25% or more in the euro vs the US dollar will result in 100% loss in UEUR. As an ETN, the note is backed by the credit of Citigroup Global Markets Holdings rather than physical currency. Sales of UEUR shares are taxed at ordinary income rates, regardless of holding period. UEUR’s expense ratio is high, but the accumulated expense over a short holding period should be negligible.
UEUR CHARTS AND PERFORMANCE
UEUR Portfolio Data
UEUR Index Data
UEUR Fund Structure
UEUR Tax Exposures
UEUR Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of UEUR. UEUR is rated a N/A out of 5.