Close Close
Sign In
Newsletters
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
Podcast Center Video Center Webcasts Resource Center Events
About ThinkAdvisor Contact Us Advertise With Us Asset & Logo Licensing Sitemap Terms of Service Privacy Policy Copyright © 2024 ALM Global, LLC. All Rights Reserved.
ThinkAdvisor

Portfolio > ETFs

WisdomTree Launches Currency-Income Funds

By Staff Writer

X
Your article was successfully shared with the contacts you provided.

Exchange-traded funds with investment strategies that focus on niche markets continue to emerge at a fast clip.

WisdomTree Investments and Dreyfus Corporation, for instance, recently teamed up to launch the WisdomTree Dreyfus Currency Income ETFs. These ETFs will allow investors to gain exposure to non-U.S. money market yields and their associated currency movements.

The fund ticker symbols are as follows: o WisdomTree Dreyfus Chinese Yuan Fund (CYB) o WisdomTree Dreyfus Indian Rupee Fund (ICN) o WisdomTree Dreyfus Brazilian Real Fund (BZF) o WisdomTree Dreyfus Euro Fund (EU) o WisdomTree Dreyfus Japanese Yen Fund (JYF)

The ETFs attempt to earn current income reflective of money market rates available to U.S. investors in the specified country or region. The funds also seek to provide exposure to changes in the value of a designated non-U.S. currency relative to the U.S. dollar.

WisdomTree’s Currency Income ETFs charge annual expense ratios that range from 0.35 to 0.45 percent.

Although each fund invests in very short-term, investment-grade instruments, the funds are not money market funds, and it is not the objective of the funds to maintain a constant share price.

—

Ron DeLegge is the San Diego-based editor of www.etfguide.com.

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.