Description: The ETFS Bearish USD vs Commodity Currency Basket (LCOM) is designed to provide investors with exposure to a basket of currencies whose economies are reliant on the export of commodities by tracking the Diversified Commodity Long Basket Index (USD) (TR) (the Index). LCOM is an exchange traded currency (ETC). Its securities can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. The ETC obtains exposure to the Index by entering into unfunded swaps with a counterparty. There is no upfront cash payment by the Issuer to the counterparty when an unfunded swap is created. However, daily cash payments are made between the Issuer and the counterparty to reflect the daily movements in the value of the Index.
Exchange: LSE
Country: UK
Currency: US Dollar ($)
Category: Other
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