HEDJ Investment Strategy – Buying Historically Cheap European Stocks While Hedging Potential Declines in the Euro
Renamed WisdomTree Europe Hedged Equity Fund
NEW YORK, Aug. 27, 2012 (GLOBE NEWSWIRE) -- WisdomTree (Nasdaq:WETF), an exchange-traded fund ("ETF") sponsor and asset manager, today announced effective as of the close of business August 29, 2012, the WisdomTree International Hedged Equity Fund (HEDJ) will implement a more focused investment strategy: providing exposure to an export-oriented European portfolio of dividend-paying equities that hedges exposure to movements of a singular currency, the euro, relative to the U.S. dollar. Previously, the Fund provided exposure to equities across Europe, Australasia, and the Far East, while neutralizing the multiple currency movements in these regions versus the dollar. The Fund will be renamed the WisdomTree Europe Hedged Equity Fund (HEDJ) to reflect the new investment objective.Luciano Siracusano, WisdomTree Chief Investment Strategist, commented, "Concerns over the future of the euro may cause investors to reevaluate their exposure to Europe, though current valuations for European stocks remain compelling based on historically low P/E ratios 1 and high dividend yield 2 differentials compared to the U.S. 3 In fact, even in a declining euro environment, we believe many global companies headquartered in Europe will continue to be competitive and have the potential to generate substantial profits. By providing exposure to European stocks while neutralizing the downside for U.S. investors that would be inflicted by a weakening euro, we believe HEDJ can present a precise and thoughtful alternative to un-hedged portfolios of European stocks." Mr. Siracusano added, "For investors concerned about the impact that growing sovereign debt could have on the value of foreign currencies, we believe both The WisdomTree Japan Hedged Equity Fund (DXJ) and HEDJ provide unique ways to own Japanese or European equities in the ETF structure, while mitigating potentially unwanted currency risk."
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV