WisdomTree delivers exposure to emerging market currencies

Wisdom Tree has launched the Wisdom Tree Dreyfus Emerging Currency fund on NYSE Arca, in conjunction with The Dreyfus Corporation, part of BNY Mellon Asset Management. The fund is an actively managed ETF that delivers exposure to money-market rates and currency movements in emerging markets. Rather than track an index, the fund invests in US money-market investments and forward currency contracts to deliver a risk-return exposure similar to money-market instruments in the relative currencies. A basket of eight to 12 currencies is selected on an annual basis and the assets ...