WisdomTree Cotton - EUR Daily Hedged

So investiert der WisdomTree Cotton - EUR Daily Hedged: WisdomTree EUR Daily Hedged Cotton (ECTN) is designed to provide investors with a total return exposure to commodity futures with a daily currency hedge against movements in the EUR/USD exchange rate by tracking the Bloomberg Cotton Subindex Euro Hedged Daily (the "Index") and providing a collateral yield. ECTN is an exchange traded commodity ("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 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.