Citigroup ETNs linked to the VelocityShares Daily 4X Long AUD vs. USD Index (UAUD)
Citigroup ETNs linked to the VelocityShares Daily 4X Long AUD vs. USD Index operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $15.09, up 0.86% on the session, giving a market capitalisation of $897,633. Its beta of 0.00 implies it has historically moved less than the broad market.
This investment product aims to replicate the daily returns of the VelocityShares Daily 4X Long AUD vs. USD Index. The index itself is designed to offer a fourfold leveraged return, with its exposure resetting each day, reflecting fluctuations in the immediate (spot) exchange rate between two currencies: the U.S. dollar and a foreign currency. It provides an advantageous position (long exposure) to one currency (referred to as the "long currency") in the pair compared to the other (the "reference currency"). It should also be noted that this fund is not diversified.
Citigroup ETNs linked to the VelocityShares Daily 4X Long AUD vs. USD Index is most often compared with the following Financial Services names: