Clicky

ETFS Short CNY Long USD(SCNY)

Description: ETFS Short CNY Long USD (SCNY) is designed to provide investors with exposure to Chinese Renminbi ("CNY") relative to US Dollars ("USD") by tracking the MSFX Short Chinese Renminbi Index (TR) (the "Index"), which aims to reflect the performance of a position in forward contracts which are rolled on a bi-monthly basis. SCNY 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 allows investors access to CNY, which is restricted from being traded on the foreign exchange. In order to allow hedging and trading by foreign parties in respect of this currency, a market has developed in derivatives that allows parties to receive a US Dollar return on positions in CNY. These derivatives are called non-deliverable forward contracts (Non-Deliverable Forward Contracts or NDFs). An NDF sets an exchange rate for USD/CNY at a point in the future.


Keywords: ETF Dollar Us Dollar Foreign Exchange Market Foreign Exchange Exchange Rate Renminbi Dfs Non Deliverable Forward

Home Page: www.etfsecurities.com/retail/uk/en-gb/products/product/etfs-short-cny-long-usd-scny-lse

SCNY Technical Analysis

Exchange: LSE

Country: UK

Currency: US Dollar ($)

Category: Other

Asset Allocation
Asset Class Long % Short % Net Assets
Other 100.00 0.00 100.00
Sector Weights
Sector Equity % Relative to Category
World Regions
Region Equity % Relative to Category
Japan 0.00 3.23
Australasia 0.00 0.45
Asia Emerging 0.00 3.14
Latin America 0.00 0.53
North America 0.00 39.99
Asia Developed 0.00 4.04
United Kingdom 0.00 14.06
Europe Emerging 0.00 3.50
Europe Developed 0.00 29.97
Africa/Middle East 0.00 1.03
Back to stocks