WisdomTree is seeking to launch an exchange-traded fund that will target German stocks, Index Universe reports. The WisdomTree Germany Hedged Equity Fund will invest in German companies with a minimum market value of $1 billion.
The product will also hedge against the euro-to-dollar dynamic by selling the applicable foreign currency. The ETF, which will employ a sampling strategy to track its benchmark, is designed to have higher returns than an equivalent non-currency hedged investment.
Click here for the story from Index Universe.