Products introduced over the last week include a small-cap ETF from WisdomTree and three mutual funds from Westwood Holdings Group.
In addition, Grandeur Peak announced that its Global Opportunities Fund and International Opportunities Fund will soft-close on May 1.
Here are the latest developments of interest to advisors:
1) WisdomTree Plans Small-Cap Version of Popular Japan ETF
WisdomTree Investments is planning to introduce a small-cap version of its Japan Hedged Equity Fund (DXJ), and has filed with the SEC to offer the WisdomTree Japan Hedged SmallCap Equity Fund. The new fund will try to reflect the performance of the WisdomTree Japan Hedged SmallCap Equity Index, which consists of dividend-paying small-cap companies incorporated in Japan and traded on the Tokyo Stock Exchange that make less than 80% of their revenue from sources in Japan. The exclusion of companies making 80% or more revenue from Japan tilts the index toward companies that have a more significant global revenue base and are thus less sensitive to yen fluctuations.
The ETF also intends to hedge against the yen by entering into forward currency contracts or futures contracts designed to offset yen exposure.
2) Westwood Introduces EM and Global Equity Mutual Funds