URGBWisdomTree Short EUR Long GBP
ISIN: JE00B45CYD990,39%
Management Fee (MER)
As of 3/11/2026
21 June 2010
Inception Date
US$4,688,579
Fund AUM
As of 3/11/2026
GBP
Base currency
Overview
Product Description
WisdomTree Short EUR Long GBP is a fully collateralised, UCITS eligible Exchange Traded Product (ETP) designed to provide investors with an exposure to EUR relative to GBP. The ETP tracks the MSFXSM Short Euro/GBP Total Return Index (MSCEGES), providing a total return comprised of the daily performance of FX forward contracts being Short EUR relative to GBP, plus the interest revenue adjusted to reflect fees and costs associated with the product. For example, if EUR rises by 1% relative to GBP over a day, then the ETP will fall by 1%, excluding fees. However if EUR falls by 1% relative to GBP over a day, then the ETP will rise by 1%, excluding fees.
Why URGB?
- Gain a Short exposure to EUR relative to GBP .
- UCITS eligible and fully collateralised.
- Transparent performance and fees.
- Easy to invest: Everything in one product which does not require the investor to hold derivatives or a margin account.
- Risk Management: You cannot lose more than the amount invested.
- Liquidity: Trades on exchange, with multiple authorised participants (APs) and market makers (MMs).
Potential Risks
- An investment in an ETP involves a degree of risk. Any decision to invest should be based on the information contained in the relevant prospectus. Prospective investors should obtain independent accounting, tax and legal advice and should consult their professional advisers to ascertain the suitability of this ETP as an investment to their own circumstances.
- This ETP is structured as a debt security and not as shares (equity) and can be created and redeemed on demand by authorised participants and traded on exchange just like shares in a company. This ETP is not a UCITS product.
- Market Risk: The value of securities in this ETP is directly affected by increases and decreases in the value of the Index. Accordingly, the value of a security may go up or down and a security holder may lose some or all of the amount invested but can not lose more than the amount invested.
- Liquidity risk: There can be no certainty that securities can always be bought or sold on a stock exchange or that the market price at which the securities may be traded on a stock exchange will always accurately reflect the performance of the Index.
- Currency Risk: The price of securities in this ETP is generally quoted in GBP. To the extent that a security holder purchases securities in another currency, the value will be affected by changes in the exchange rate.
- Counterparty risk: The Issuer is reliant on there being swap counterparties available to enter into swap agreements on a continuing basis and, if no swap counterparties are willing to do so, the ETP will not be able to achieve its investment policy of tracking the performance of the Index.
- Credit Risk: The Issuer is subject to the risk that third party service providers may fail to return property or collateral belonging to the Issuer or pay money due to the issuer. The ETP is backed by swaps. The payment obligations of the swap counterparties to the Issuer are protected by collateral held which is marked to market daily. The collateral is held in segregated accounts at The Bank of New York Mellon. In the event a swap counterparty defaults, the proceeds from realisation of the collateral may be less than what the investor expects. Details of the collateral held can be found in the Collateral section of the WisdomTree website (www. Wisdomtree. Com).
- Please see the risks factors section of the Prospectus for a more detailed discussion of the potential risks
Fund Overview
Product Overview | As of 3/11/2026 |
|---|---|
| ISIN | JE00B45CYD99 |
| Asset Class | FX |
| Base Currency | GBP |
| Inception Date | 21 June 2010 |
| Currency Hedged | No – this product is not protected against adverse currency movements |
| Physical Delivery | No |
| Underlying exposure | GBP/EUR |
Net Asset Value | As of 3/11/2026 |
|---|---|
| NAV | £52.148 |
| Daily Change | £0.013 |
| Daily return | 0,024% |
| Total AUM of fund | US$4,688,579 |
| Issuer AUM | US$224,288,091 |
| Shares Outstanding | 67.019 |
Structure
Structure | As of 3/11/2026 |
|---|---|
| Legal form | Debt security |
| Legal Structure | ETP |
| Replication Method | Synthetic - unfunded swap backed by collateral |
| Domicile | Jersey |
Further Legal and Tax Information | As of 3/11/2026 |
|---|---|
| ISA | Eligible |
| SIPP | Eligible |
| UCITS Eligible | Yes |
| UK Reporting Status | Yes |
Key Service Providers
Key Service Providers | As of 3/11/2026 |
|---|---|
| Issuer | WisdomTree Foreign Exchange Limited |
| Counterparty | Morgan Stanley & Co. International plc |
| Trustee | The Law Debenture Trust Corporation p.l.c. |
| Registrar | Computershare Investor Services (Jersey) Ltd |
| Collateral Manager | The Bank of New York Mellon |
Fees | As of 3/11/2026 |
|---|---|
| Management Fee (MER) | 0,39% |
| Annual Swap Rate | 0,60% |
Passported Countries
Country Allocation
Country | Weight (%) |
|---|---|
| UNITED STATES | 100,00% |
Listings & Codes
Country | Exchange | Trading Currency | Exchange Ticker | Bloomberg Ticker | RIC | SEDOL | ISIN | WKN | Listing Date |
|---|---|---|---|---|---|---|---|---|---|
| LSE | GBP | URGB | URGB LN | URGB.L | B45CYD9 | JE00B45CYD99 | A1C1T5 | 21/6/2010 |
Index Details
MSFXSM Short Euro/GBP Index (TR)
The Index provides: (i) a 'short' exposure to EUR relative to GBP. For example, if EUR were to rise in value relative to GBP, the Index (tracked by the ETC) would decrease in value. Conversely if EUR were to decrease in value relative to GBP, the Index would increase in value; and (ii) an interest rate differential reflecting the difference between the EUR and the GBP exchange rates.The Index is a total return index, which means that it also provides a collateral yield.
Index Details | |
|---|---|
| Index Name | MSFXSM Short Euro/GBP Index (TR) |
| Currency | GBP |
| Index Provider | Morgan Stanley |
| Bloomberg Ticker | MSCEGES |
| Reuters Index Ticker | n.a. |
| Index Website | https://www.morganstanley.com/what-we-do/sales-and-trading/msfx |
| Index Constituent Count | 1 |
Securities | 3/11/2026 |
|---|---|
| MSFXSM Short Euro/GBP Index (TR) | 100,00% |
Collateral Details
Incorporated Country | Weight |
|---|---|
| UNITED STATES | 100,00% |
Currency | Weight |
|---|---|
| US Dollar | 100,00% |
Documents
Product
Collateral
Prospectus
Reports and Regulatory
DISCLAIMERS
The products discussed in this document are issued by WisdomTree Foreign Exchange Limited (the "Issuer"). The Issuer is regulated by the Jersey Financial Services Commission. Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the securities offered by the Issuer.
Securities issued by the Issuer are direct, limited recourse obligations of the Issuer alone and are not obligations of or guaranteed by any of Morgan Stanley & Co International plc, Morgan Stanley & Co. Incorporated, any of their affiliates or anyone else or any of their affiliates. Each of Morgan Stanley & Co International plc and Morgan Stanley & Co. Incorporated disclaims all and any liability whether arising in tort, contract or otherwise (save as referred to above) which it might have in respect of this document or its contents otherwise arising in connection herewith.
The Morgan Stanley Indices are the exclusive property of Morgan Stanley & Co. Incorporated ("Morgan Stanley"). Morgan Stanley and the Morgan Stanley index names are service mark(s) of Morgan Stanley or its affiliates and have been licensed for use for certain purposes by WisdomTree Management Jersey Limited in respect of the securities issued by Issuer. The securities issued by Issuer are not sponsored, endorsed, or promoted by Morgan Stanley, and Morgan Stanley bears no liability with respect to any such financial securities. The prospectus of Issuer contains a more detailed description of the limited relationship Morgan Stanley has with Issuer and any related financial securities. No purchaser, seller or holder of securities issued by Issuer, or any other person or entity, should use or refer to any Morgan Stanley trade name, trademark or service mark to sponsor, endorse, market or promote this product without first contacting Morgan Stanley to determine whether Morgan Stanley's permission is required. Under no circumstances may any person or entity claim any affiliation with Morgan Stanley without the prior written permission of Morgan Stanley.