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Jeremy Schwartz

WisdomTree launches Strong Dollar US Equity Fund and Weak Dollar US Equity Fund


Exchange traded product sponsor and provider WisdomTree has launched the WisdomTree Strong Dollar US Equity Fund (USSD) and WisdomTree Weak Dollar US Equity Fund (USWD) on the NYSE Arca. 

USSD seeks to minimise exposure to companies with significant revenue from exports that are vulnerable to a strengthening US dollar. USWD seeks to maximise exposure to companies with significant revenue from exports that may benefit from a weakening US dollar. USSD and USWD each has an expense ratio of 0.33 per cent. 

Diverging global monetary policies brought currency-hedged strategies into focus for many investors as they took note of how currency fluctuations affected their international investments. However, currency fluctuations are also important to the US market, as movements of the US dollar can impact the results of domestic companies.

"Not all US equities are the same and the degree their operating results are affected by changes in the US dollar largely depends on if their revenues are derived domestically or internationally. USSD and USWD enable investors to focus on the sectors and companies expected to perform better in strong and weak dollar environments, respectively, while maintaining broad diversification," says Jeremy Schwartz (pictured), WisdomTree Director of Research. "Currency sensitivity is an important factor that helps explain portfolio returns. The new Funds are more responsive to the US dollar's currency movements, providing investors a way to implement a tactical view on the direction of the dollar within US equity exposures."

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