WisdomTree has changed the names, tickers, investment objectives and investment strategies changes of the WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ) and the WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP).
Both funds have transitioned to transparent, models-based actively managed multi-factor strategies, as reflected below. The funds’ expense ratios remain unchanged.
The WisdomTree Dynamic Currency Hedged Europe Equity Fund (DDEZ), is now the WisdomTree Europe Multifactor Fund (EUMF) and 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.
The WisdomTree Dynamic Currency Hedged Japan Equity Fund (DDJP) is now the WisdomTree Japan Multifactor Fund (JAMF) and 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 US dollar, ranging from a 0 per cent to 100 per cent 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 US 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,” says Jeremy Schwartz, WisdomTree EVP and Global Head of Research.
