Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. GBP Index (DGBP)
Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. GBP Index operates in the Asset Management - Leveraged industry of the Financial Services sector. The stock last traded at $24.75, down 1.68% on the session, giving a market capitalisation of $882,258. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment product aims to precisely mirror the daily returns of the VelocityShares Daily 4X Long USD vs. GBP Index. The underlying index is engineered to provide four times (4x) the leveraged exposure, which is rebalanced daily, to real-time fluctuations in the exchange rate between the U.S. dollar and a foreign currency, such as the British pound. It establishes a long position in one currency of the pair against the other. Importantly, this fund is not diversified.
Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. GBP Index is most often compared with the following Financial Services names: