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TheStreet Open House

WisdomTree Launches Rising Rates Bond Exchange Traded Funds (ETFs) Based On Leading Fixed Income Benchmarks

Stocks in this article: WETF

Maintain Broad Fixed Income Exposure While Managing Interest Rate Risk

Zero and Negative Duration ETFs Track Barclays Aggregate and BofA Merrill Lynch High Yield Interest Rate Indexes

NEW YORK, Dec. 18, 2013 (GLOBE NEWSWIRE) -- WisdomTree (Nasdaq:WETF), an exchange-traded fund ("ETF") sponsor and asset manager, today announced the launch of its Rising Rates ETF Solution Suite on the NASDAQ Stock Market. The ETFs combine widely followed fixed income strategies with targeted U.S. Treasury exposures to achieve specific durations in order to help manage interest rate risk.

A New Tool for Traditional Fixed Income

"With interest rates at historic lows, the values of traditional fixed income portfolios may be vulnerable to losses should rates increase in the future. The WisdomTree Rising Rates ETFs allow fixed income investors to maintain traditional allocations while providing greater flexibility to manage interest rate risk," said Rick Harper, WisdomTree's Head of Currency and Fixed Income.

WisdomTree has worked with leading Fixed Income index providers to develop interest rate driven solutions centered on their benchmark indexes.

Barclays U.S. Aggregate Index based strategies

  • WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund ( AGZD), 0.23% expense ratio
  • WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund ( AGND), 0.28% expense ratio

BofA Merrill Lynch 0-5 Year U.S. High Yield Constrained Index based strategies

  • WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund ( HYZD), 0.43% expense ratio
  • WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund ( HYND), 0.48% expense ratio

Japan in Focus – WisdomTree Japan Interest Rate Strategy Fund (JGBB)

Additionally, WisdomTree has launched the WisdomTree Japan Interest Rate Strategy Fund (JGBB), a strategy designed to benefit if interest rates increase in Japan. JGBB seeks to provide long exposure to U.S. Treasury Bills while at the same time providing exposures to Japanese Government Bonds (JGBs) that are intended to rise in value as Japanese interest rates rise.  The Fund also seeks to partially offset against fluctuations in the relative value of the Japanese yen against the U.S. dollar.  JGBB is listed on the NASDAQ Stock Market and has an expense ratio of 0.50%. 

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