WisdomTree adds ETF share classes
WisdomTree has launched additional share classes for three of its currency-hedged ETFs to allow for further hedging options.
Share classes have been added in sterling, euro and the Swiss franc on the WisdomTree Japan Equity Ucits ETF, Europe Equity Ucits ETF and German Equity Ucits ETF, with the ETFs also now being offered on a hedged and unhedged basis.
Viktor Nossek, WisdomTree Europe’s director of research, said investors could use the share classes to capitalise on sentiment in European and Japanese equity markets.
He said: “Quantitative easing programs by the European Central Bank and the Bank of Japan remain a key theme dominating both continental Europe and Japanese equity markets and investors’ approach to managing currency exposure and investments.
“These strategies deliver exposure to export-oriented equities while offering protection from local currency movements. By hedging exposure to the potential currency weakness as a result of QE, investors may more fully benefit from the bullish sentiment in European and Japanese equity markets driven by a QE-led environment.”
The Japan fund offers exposure to the Japanese equity market with a tilt to exporters who could benefit from a depreciating yen, while hedging fluctuations between the value of this currency and the dollar.
The Europe fund hedges currency fluctuations in the value of the euro to the dollar and the German fund hedges fluctuations between sterling and the euro.
Since launch, the three funds have accumulated around $135m (£88m) in assets.
