Non-hedged units of the WisdomTree Europe Hedged Equity Index ETF (EHE) will commence trading on the Toronto Stock Exchange (TSX) on 10 August, 2017 under the ticker symbol EHE.B.
WisdomTree Canada has completed the initial public offering of the non-hedged units of the Fund.
EHE seeks to track the price and yield performance of the WisdomTree Europe CAD-Hedged Equity Index, which is designed to provide exposure to dividend paying European equities while hedging exposure to fluctuations between the Euro and the Canadian dollar. The non-hedged units, in contrast, will not be hedged back to the Canadian dollar.
“There’s no one-size-fits-all solution when it comes to investing, so it’s important that we provide investors with options that meet their diverse and evolving needs. This is why we are pleased to offer hedged, non-hedged and variably hedged currency options for many of our international equity exposures. As a proprietary index provider, we’re fortunate to have the flexibility to quickly innovate and expand our product set,” says Kurt MacAlpine, WisdomTree Head of Global Distribution. “This offering is the latest example of WisdomTree’s ongoing commitment to the Canadian marketplace.”
WisdomTree’s Canadian suite now consists of eight ETFs, including hedged, non-hedged and variably hedged unit classes. These products have provided Canadians with new investment strategies through which to build and manage their portfolios and have allowed them to access key international markets while managing exposure to risks.
In June, WisdomTree launched a set of smart beta fixed income ETFs that seek to increase yield for investors and help them benefit from the diversification of a multi-sector portfolio without an elevated risk profile – the WisdomTree Yield Enhanced Canada Aggregate Bond Index ETF (TSX: CAGG) and the WisdomTree Yield Enhanced Canada Short-Term Aggregate Bond Index ETF (TSX: CAGS).