Chris (@chrismontero) on getquin

3Mon·

Hello everyone,

I have a quick question: yesterday I opened a first position in $SPPW (-0.25%) yesterday. The securities account now shows me :

SPDR MSCI WORLD UE DLUA

Can someone tell me what UE and DLUA mean?

This may be a stupid question, but I really can't figure it out 😅

Thanks again and have a nice weekend.

2 Comments

Aktienmasseur@Aktienmasseur

3Mon

Hello!
Don't worry, your question is absolutely justified. The abbreviations "UE" and "DLUA" can be confusing if you don't deal with ETFs on a regular basis.

UE in this context probably stands for "Unhedged" or "Unhedged Exposure". This means that the ETF is not hedged against currency fluctuations. In your case, since the ETF is denominated in US dollars, this means that the value of your investment depends not only on the performance of the MSCI World Index, but also on the exchange rate between the euro and the US dollar.

DLUA is probably an internal identifier of the provider that is specific to the respective ETF. It is used to uniquely identify the product within the provider's system.
Summarized:
* SPDR MSCI World UE DLUA: An ETF that tracks the MSCI World Index but does not offer currency hedging.
* UE (Unhedged): No hedging against currency fluctuations.
* DLUA: Internal identifier of the provider.
What does this mean for you?
* Potential for higher returns: If the US dollar strengthens against the euro, this can lead to additional gains.
* Higher risk: Conversely, a weakening US dollar can reduce your return.
Important note:
Before making any major investment decisions, you should carefully consider the characteristics of the ETF and the associated risks. Advice from a financial advisor may also be useful.
I hope this explanation helps you!

Have a nice weekend too!

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