WisdomTree, an exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset manager, today announced the implementation of changes for the WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ) and the WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP).
Effective today, the fund names, tickers, investment objectives and investment strategies have changed, and both funds will transition to transparent, models-based actively managed multifactor strategies, as reflected below. The funds’ expense ratios remain unchanged.
- WisdomTree Europe Multifactor Fund (EUMF): Formerly the WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ), EUMF seeks to achieve income and capital appreciation through a transparent, actively managed strategy, 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.
- WisdomTree Japan Multifactor Fund (JAMF): Formerly the WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP), JAMF seeks to achieve income and capital appreciation through a transparent, actively managed strategy, 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.
With the addition of EUMF and JAMF, WisdomTree now offers investors access to five multifactor ETFs, including the WisdomTree U.S. Multifactor Fund (USMF), WisdomTree Emerging Markets Multifactor Fund (EMMF) and WisdomTree International Multifactor Fund (DWMF).
“WisdomTree’s Modern Alpha approach to multifactor investing is designed to provide higher alpha potential with lower volatility and all the benefits of the ETF structure. We continue to see value in this approach and are excited to expand our offerings with the restructuring of EUMF and JAMF,” said Jeremy Schwartz, WisdomTree EVP and Global Head of Research.
Learn more about the WisdomTree Europe Multifactor Fund (EUMF) here and the WisdomTree Japan Multifactor Fund (JAMF) here.
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