On Thursday, WisdomTree Investments, Inc. (NASDAQ: WETF), the fifth-largest U.S. issuer of exchange-traded funds, expanded its suite of currency-hedged funds. Already one of the ETF industry's largest, the suite now includes newly debuted WisdomTree Global Hedged SmallCap Dividend Fund (BATS: HGSD).
New Fund On The Block
The WisdomTree Global Hedged SmallCap Dividend Fund is the currency-hedged equivalent of the WisdomTree Global SmallCap Dividend Fund (BATS: GSD), which came to market last week.
GSD follows the WisdomTree Global SmallCap Dividend Index (WTGS), which “is a fundamentally weighted index that measures the performance of 1,000 largest small capitalization companies that rank within the bottom 5 percent of the WisdomTree Global Dividend Index by market capitalization,” according to WisdomTree.
HGSD essentially follows the same index, because the new currency-hedged ETF features GSD as its only equity along with a currency-hedged overlay.
“At its most recent Index screening date, September 30, 2015, the WisdomTree ...
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