FTSE World Parity Unit
FTSE World Parity Unit (WPU) is a stable global currency unit which aims to reduce currency and inflation risk over the long-term.
FTSE WPU is a single currency unit constructed from a basket of developed currencies, emerging currencies and storable commodities. Each component within this multi-asset solution mitigates a particular source of risk; diversification of foreign currency exposure across developed currencies, hedging buying power risk against BRIC currencies, and hedging inflation risk through exposure to commodities. FTSE WPU is designed to minimize risk for investors and exhibit greater stability than any single currency.