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womblemaster
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You might find this useful......

 

ETFS 3x Short EUR Long GBP (GBP)  SUP3    <<ticker

 

 

 

 

-

ISIN

JE00B3W0MY68

NAV  05/08/2011

Pence 4,817.22

Day Change

0.55%

Total Net Assets (mil)

-

Total Expense Ratio

-

Annual Management Fee

0.98%

Distributor Status

-

Inception Date

03/11/2010

ISA

No

Exchange Name

LONDON STOCK EXCHANGE, THE

 

Benchmark

 

Fund Benchmark

MSFX Triple Short Euro/GBP TR

Morningstar® Benchmark

-

 

Investment Objective

 

The investment seeks to track the price and performance yield, before fees and expenses, of the MSFX Triple Short Euro/GBP Index (TR). The index aims to reflect three times the daily percentage change between the two currencies, plus generates a collateral yield on the cash invested. It is a total return index reflecting the performance of a fully collateralised position in currency forward contracts which are rolled on a daily basis. The index provides short exposure to (i) movements in exchange rates between the local currency (EUR) and GBP and (ii) an interest differential component based on GBP interest rates less local borrowing costs - to the extent either are incorporated in forward contract prices.

 

 

to dejargon that a bit......

 

http://www.hl.co.uk/shares/exchange-traded-funds-etfs

 

these track financial indices.  If you think an index will go down you can pick a SHORT etf  on something

 

eg  short on euro  dollar  european stock markets,

 

or long if you think its gonna go up....eg gold/silver  grain  etc.

 

worth looking at are:

 

chfp

xeds

se2p

 

SO in a nushell, you can make money off the back of the financial collapse.

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