The fund will hedge against fluctuations in the foreign currencies against the U.S. dollar through forward currency contracts or futures contracts. The strategy intends to generate higher returns than an equivalent unhedged investment when the foreign currency weakens against the U.S. dollar, but the ETF will show lower returns than an unhedged investment when foreign currencies appreciate.

The unhedged WisdomTree DEFA Dividend Index related ETFs include the WisdomTree DEFA Equity Income Fund (NYSEArca: DTH), which has $265.2 million in assets under management and a 30-day SEC yield of 3.89%

WisdomTree also offers a few country-specific and Europe hedged currency plays, including the WisdomTree Europe Hedged Equity Fund (NYSEArca: HEDJ) and the recently launched WisdomTree Germany Hedged Equity Fund (Nasdaq GIDS: DXGE). [WisdomTree: The Case for Taking the Euro out of Germany]

For more information on fund products, visit our new ETFs category.

Max Chen contributed to this article.