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FTSE launches currency unit

FTSE International, the index provider, has launched a new global currency unit to offer investors to diversify currency risk. The FTSE Wealth Preservation Unit is a single currency unit constructed from a basket of developed currencies, emerging currencies and storable commodities. Developed in conjunction with US currency firm Mountain Pacific, FTSE WPU can be provided by financial institutions in the form of overlays, swaps and exchange traded funds.

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