WisdomTree, an exchange-traded fund sponsor and asset manager, has launched a suite of currency-hedged Japan sector funds on the NYSE Arca.
The ETFs seek to provide exposure to the respective sectors within Japanese equity markets while hedging exposure to the yen.
Each has a net expense ratio of 0.43 per cent.
“Since the election of Japan Prime Minister Shinzo Abe over a year ago, there has been a great deal of excitement surrounding ‘Abenomics’ and the policies designed to restore and reinvigorate economic growth in Japan. As Abe continues to make progress on his third arrow — structural economic reform designed to put Japan on a better growth trajectory — there will likely be a continual evaluation of the stocks and sectors most primed to benefit from new government initiatives,” says Jeremy Schwartz, WisdomTree’s director of research. “While broad-based approaches should continue to serve many investors well, we believe there is an additional opportunity for more finely tailored tools to access and leverage the evolution of ‘Abenomics.”
The new funds are:
— The WisdomTree Japan Hedged Real Estate Fund (DXJR)
— The WisdomTree Japan Hedged Financials Fund (DXJF)
— The WisdomTree Japan Hedged Tech, Media and Telecom Fund (DXJT)
— The WisdomTree Japan Hedged Health Care Fund (DXJH)
— The WisdomTree Japan Hedged Capital Goods Fund (DXJC)