WisdomTree, the publicly traded ETF firm, is changing its
international currency hedged equities fund "HEDJ" into a
currency-hedged fund focused solely on Europe, taking the euro's
struggles off the table for investors.
As of Wednesday, Aug. 29, the WisdomTree International Hedged
Equity Fund (NYSEArca:HEDJ) will become the WisdomTree Europe
Hedged Equity Fund, according to a communique from Arca, the New
York Stock Exchange's electronic trading platform.
"Concerns over the future of the euro may cause investors to
reevaluate their exposure to Europe," WisdomTree Chief Investment
Officer Luciano Siracusano said in a press release.
"In fact, even in a declining euro environment, we believe many
global companies headquartered in Europe will continue to be
competitive and have the potential to generate substantial
profits," Siracusano said.
The ETF had been created to provide broad currency-hedged
exposure to stocks from a variety of regions, including Europe,
Australasia and the Far East, the company said.
The reconstituted portfolio will provide exposure to
export-oriented European companies that pay dividends, all while
neutralizing the euro's movements against the U.S. dollar.
"By providing exposure to European stocks while neutralizing the
downside for U.S. investors that would be inflicted by a weakening
euro, we believe HEDJ can provide a precise and thoughtful
alternative to un-hedged portfolios of European stocks," Siracusano
The ETF's index will change, but its ticker symbol "HEDJ"
The New York-based ETF firm also markets the WisdomTree Japan
Hedged Equity Fund (NYSEArca:DXJ).
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