WisdomTree implemented changes for two of its products: the WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ) and the WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP).
Effective March 29, the fund names, tickers, investment objectives and investment strategies have changed, and both funds will transition to transparent, models-based actively managed multifactor strategies. The funds’ expense ratios remain unchanged.
The DDEZ fund will now become WisdomTree Europe Multifactor Fund (EUMF). EUMF seeks to achieve income and capital appreciation by investing in European equity securities that exhibit the highest potential for returns based on proprietary measures of factors such as value, quality, momentum and correlation.
DDJP becomes WisdomTree Japan Multifactor Fund (JAMF), which seeks to achieve income and capital appreciation by investing in Japanese equity securities that exhibit the highest potential for returns based on proprietary measures of factors such as value, quality, momentum and correlation.
Both funds seek to manage currency risk by dynamically hedging currency fluctuations against the U.S. dollar, ranging from a 0% to 100% hedge. The hedge ratios are adjusted periodically, utilizing signals such as interest rate differentials, momentum and value.
CNote Launches Wisdom Fund to Close Lending Gap for Women
CNote launched a new impact investment opportunity that aims to fix the gender disparity in small business lending.
According to CNote, less than 5% of small business lending goes to women.
CNote’s new Wisdom Fund funnels money from accredited investors — institutions, funds, foundations, family offices and individuals — into business loans for low- to moderate-income women and women of color.
The loans are provided by nonprofit community lenders with experience delivering the capital and resources that women small business owners need.
Investors in the Wisdom Fund will earn an estimated 4% annual return, over a 60-month term, on a loan portfolio that’s diversified across established community development financial institutions (CDFIs).
RealCrowd Invites RIAs to Test Its New Real Estate Investment Software
RealCrowd is launching a test-pilot program for its new technology platform serving independent investment advisors.
Called ReAllocate, the platform will help RIAs provide access to professionally managed direct real estate investments via its risk-based Allocation Intelligence (AI) platform.
The platform will help advisors match investors with risk-appropriate real estate investment opportunities.