Further questions/notes… please help, I’m getting there… @David
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On the ISA trading instruments page there’s another crude oil ETC… “US74347W2474” I guess that is just something that has been removed a while ago ? I don’t seem to be able to purchase that.
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This is the fact sheet of the WisdomTree crude oil ETC.
The same product is under different ISINs and trading currencies. The one listed here is DE000A0KRJX4 with Trade currency EUR.
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Is the base currency still USD for this ETC, but the price is displayed in EUR ?
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Does this mean when I purchase it, I effectively “hold” USD ? and the exchange rate I need to look out for is USD-GBP and not EUR-GBP ?
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Does the above apply to ETFs as well ? Say VUSA, IE00B3XXRP09. The trading currency is GBP but the base currency is USD. So I need to look out for currency swings between GBP and USD ?
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What about EUNL vs SWDA ? Trading price is in EUR and GBX, base currency for both in USD. If I purchase these, I hold USD in both right ? Would I be looking at the GBP USD exchange rate for both ? Or if I sell EUNL, my USD gets converted to EUR and then to GBP ?
Finally, is the portfolio percentage showing me the P/L% between amount of GBP spent and amount of GBP I would make if I sell at the moment (market price depending of course) ?