Provides unique Eurozone export-oriented exposure to the same Index as the Company’s flagship U.S.-listed ETF
- WisdomTree Europe Equity UCITS ETF (HEDJ) gains momentum in Europe – gathers almost $100m in AUM in just over a month growing from $77m to close to $172m
- Available in Europe with multiple share classes offering investors GBP (HEDP) and USD (HEDJ) currency hedged and EUR unhedged (HEDF) exposures
- With a tilt on Eurozone exporters and WisdomTree’s unique dividend weighting methodology, HEDF has outperformed traditional market capitalisation weighted index, the Euro STOXX 50 over the past 1 and 3 years
- Growth in AUM emphasises the tradability and market access benefits of ETFs
London, Thursday, 21 January 2016: WisdomTree, the exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor today announced that its WisdomTree Europe Equity UCITS ETF has become its fastest growing and largest total AUM UCITS ETF. The ETF has added almost $100m of net news assets in the past month and has recently reached close to $172m in total assets. The recent asset inflows follow the recent launch of innovative currency hedged and unhedged share classes, helping the fund more than triple in size over the past five months.
|Product Name||Ticker||ISIN||Listing Currency||Share Class Currency|
|WisdomTree Europe Equity UCITS ETF – USD Hedged||HEDJ||IE00BVXBH163||USD||USD|
|WisdomTree Europe Equity UCITS ETF – GBP Hedged||HEDP||IE00BYQCZQ89||GBP||GBP|
|WisdomTree Europe Equity UCITS ETF – EUR Acc||HEDF||IE00BYQCZX56||EUR||EUR|
|WisdomTree Europe Equity UCITS ETF – EUR Acc||HEDG||IE00BYQCZX56||GBP||EUR|
WisdomTree Europe Equity UCITS ETF offers investors a unique ETF strategy with broad exposure to Eurozone exporters, weighted by WisdomTree’s proprietary dividend stream weighting scheme. Available with both a USD hedge, GBP hedge and an unhedged EUR share class investors can benefit from a choice of currency hedged exposures. The EUR strategy, HEDF, has outperformed traditional market capitalisation weighted index the EURO STOXX 50 over the past 1 and 3 years with the export tilt contributing to an overweight position in consumers and industrials. The strategy benefits from a unique export tilt contributing to an overweight position in consumers and industrials, a broadly diversified basket of 131 constituents and sector, country and single stock capping reducing overall levels of risk over the long term and helping to deliver higher Sharpe ratios that the EURO STOXX 50.
Hector McNeil, Co-CEO of WisdomTree Europe said: The significant growth in HEDJ’s AUM is a testament to both its unique strategy and how small funds can grow rapidly due to the efficiency of the ETF creation and redemption process. This provides clients with tradability and market access in a liquid and transparent wrapper. The success of HEDJ as a strategy has clearly resonated with European investors”.
Viktor Nossek, WisdomTree Europe’s Director of Research said: “The Fed rate hike has cemented the continuation of monetary policy divergence in 2016, with the widening of the interest rate premium that US assets enjoy over Eurozone assets keeping the euro fundamentally weak. Faced with a strong US economy underpinned by increased consumer spending power the ECB will attempt to talk down the euro through dovish talk rather than policy action. This occurs as signs of a broader Eurozone recovery remain at an early inflection point which is still vulnerable to a strengthening currency. A volatile path for euro-dollar lies ahead as the impact of future interest rate hikes by the Fed and potentially more easing measures by the ECB will be hard to gauge at this point. Investors seeking the to take advantage of more positive sentiment in Eurozone equities as a result of euro weakness may want to consider to hedging their Eurozone equity exposure as a result.”
 Source: Bloomberg as at 31 December 2015