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WisdomTree launches actively-managed U.S. Current Income ETF

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WisdomTree Investments has announced the launch of an actively-managed exchange-traded fund holding US money market securities. The WisdomTree U.S.

WisdomTree Investments has announced the launch of an actively-managed exchange-traded fund holding US money market securities. The WisdomTree U.S. Current Income Fund, a sub-fund of the WisdomTree Trust, is managed by Mellon Capital as sub-advisor and listed on NYSE Arca, and has an expense ratio of 0.25 per cent.

‘We have seen a flight to quality demonstrated by continued inflows into money market funds, and we believe investors seeking to manage their cash positions will welcome the daily flexibility and transparency of the ETF structure as an important and appropriate development,’ says WisdomTree president and chief operating officer Bruce Lavine.

Money market funds typically hold high-quality short-term debt such as Treasury bills and are typically used for capital preservation. The WisdomTree U.S. Current Income Fund will seek to earn current income while preserving capital and maintaining liquidity by investing primarily in very short term, high-quality money market instruments denominated in US dollars, although it is not a money market fund and its objective is not to maintain a constant share price.

WisdomTree Investments has developed a range of fundamentally-weighted indices and ETFs cover major market capitalisations, both in the US and internationally, that anchor the initial weights of individual stocks to a measure of fundamental value.

The WisdomTree Trust is a Delaware statutory trust registered as an open-end investment company with the Securities and Exchange Commission and with assets under management of more than USD4.9bn.

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