The ETF multi-currency function offered by the London Stock Exchange allows investors trade in both the base currency of the underlying assets within the fund and in Sterling. The new service will enable investors to buy ETFs in US dollars where that is the underlying currency of the index, as well as sterling or euros, giving a tax-efficient and currency risk-free alternative to buying ETFs in the US markets. The multi-currency lines are fully fungible with the primary line within Crest.
|