WisdomTree Investments has launched the WisdomTree Dreyfus Emerging Currency Fund (CEW).
The fund aims to provide exposure to money market rates across 11 emerging market countries along with movements in the currencies of these countries relative to the dollar.
Constituent currencies include the Mexican peso, Brazilian real, Chilean peso, South African rand, Polish zloty, Israeli shekel, Turkish new lira, Chinese yuan, South Korean won, Taiwanese dollar and Indian rupee.
WisdomTree currently offers a total of 50 ETFs that cover various asset classes from equities to fixed income. At the end of April, the New York-based firm had $3.14 billion of assets under management.
Ron DeLegge is the San Diego-based publisher and editor of ETFguide.com and the radio host of the “Index Investing Show,” which is broadcast nationally on Saturday afternoons and can be heard online at www.indexshow.com. Ron served as an investment and financial advisor for 11 years.