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!
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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Hello share masseur,
Thank you very much for the detailed answer! It really helped me a lot. I had previously done some research on Google, but couldn't find anything there.
I looked again for the ISIN of the ETF in my securities account and it really seems to be the "normal" World ETF. These additions to the name are sometimes really difficult to interpret.
Thanks again and best regards
Thank you very much for the detailed answer! It really helped me a lot. I had previously done some research on Google, but couldn't find anything there.
I looked again for the ISIN of the ETF in my securities account and it really seems to be the "normal" World ETF. These additions to the name are sometimes really difficult to interpret.
Thanks again and best regards
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