WisdomTree (NASDAQ: WETF), an exchange-traded fund (“ETF”) sponsor and asset manager, announced that previously declared changes to the WisdomTree Dreyfus New Zealand Dollar Fund became effective as of the market open today, October 25, 2011. The WisdomTree Australia & New Zealand Debt Fund (AUNZ) now offers broad-based exposure to local currency debt of Australia and New Zealand.
“Australia & New Zealand are uniquely situated geographically to potentially benefit from increased economic growth from Asia and currently offer attractive yields compared to other developed markets. We believe AUNZ offers a convenient way for investors to gain exposure to the local debt from these countries,” said Bruce Lavine, WisdomTree President & COO.
Former Fund Name/Ticker
|New Fund Name/Ticker||Primary Change|
|WisdomTree Dreyfus New Zealand Dollar Fund ( BNZ)||WisdomTree Australia & New Zealand Debt Fund ( AUNZ)||
Restructured to provide exposure to Australia &New Zealand debt denominated in their respectivecurrencies. Extend duration to achieve intermediate-term Australia/New Zealand bond strategy.
There are risks associated with investing, including possible loss of principal. Foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Derivative investments can be volatile and these investments may be less liquid than other securities, and more sensitive to the effects of varied economic conditions. The Fund focuses its investments in Australia and New Zealand, thereby increasing the impact of events and developments in Australia and New Zealand that can adversely affect performance.