ProShares has announced that they will begin trading The ProShares Short Euro (NYSEARCA:EUFX) Wednesday, June 27, 2012. The ProShares Short Euro is designed to track the inverse (-1x) of the daily performance of the euro spot price versus the U.S. dollar. This Fund uses the 4:00 p.m. (Eastern Time) euro/U.S. dollar exchange rate as provided by Bloomberg, expressed in terms of U.S. dollars per unit of foreign currency, as the basis for the underlying benchmark.
The Fund intends to meet its investment objective by obtaining long or short exposures to its benchmark through futures contracts on its underlying currency. Each Fund will also hold cash or cash equivalents such as U.S. Treasury securities or other high credit quality short-term fixed-income or similar securities (such as shares of money market funds and collateralized repurchase agreements) for direct investment or as collateral for Financial Instruments. Each Fund may also invest up to 100% of its assets in any of these types of cash or cash equivalent securities.
For the complete prospectus click: HERE
ProShares UltraShort Euro ETF (NYSEARCA:EUO)
ProShares UltraShort Euro (NYSEARCA:EUO) seeks daily investment results, before fees and expenses, that correspond to twice (200%) the inverse (opposite) of the daily performance of the U.S. Dollar price of the Euro. The euro benchmark is the 4 pm ET euro in U.S. Dollar terms (EUR/USD cross rate) as published in The Wall Street Journal and will be tracked to 4 decimal places. The EUR/USD cross rate is expressed as a rate that reflects the number of U.S. dollars that can be exchanged for one euro.
CurrencyShares Euro Trust ETF (NYSEARCA:FXE)
The CurrencyShares Euro Trust (NYSEARCA:FXE) is designed to track the price of the euro net of Trust expenses, which are expected to be paid from interest earned on the deposited euros.
WisdomTree Dreyfus Euro Fund (NYSEARCA:EU)
The WisdomTree Euro Debt Fund (NYSEARCA:EU) seeks a high level of total returns consisting of both income and capital appreciation. The Fund attempts to achieve its investment objective through investment in debt securities denominated in euros.
The Fund attempts to achieve its investment objective through investment in Debt Securities denominated in euros. Debt Securities include:
- Government debt which includes securities issued by governments (national, state, and local), government agencies and instrumentalities, government sponsored enterprises,
- Supranational organizations, such as the International Bank for Reconstruction and Development and other regional development banks, and
- Other instruments, such as derivatives designed to provide a similar exposure.
The Fund is designed to provide broad exposure to Debt Securities of issuers in euro area countries. Currently, the Fund does not invest in national, state or local debt of Cyprus, Estonia, Ireland, Italy, Greece, Malta, Portugal, and Spain.