NEW YORK, Dec. 18, 2013 (GLOBE NEWSWIRE) -- WisdomTree (Nasdaq:WETF), an exchange-traded fund ("ETF") sponsor and asset manager today announced the launch of the WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU). USDU, which is benchmarked to the Bloomberg Dollar Total Return Index, seeks to provide exposure to the U.S. dollar against a broad basket of developed and emerging market currencies based on global trade flows and liquidity 1 measures. USDU is listed on the NYSE Arca and has an expense ratio of 0.50%. Bloomberg's Index measures the U.S. dollar's performance against a diversified, relevant basket of ten developed world and emerging market currencies with the most liquidity and the largest U.S. trade flows. The Index is adjusted annually to provide a dynamic representation of today's global markets. "The U.S dollar's value continues to evolve with new economic relationships and changing market dynamics. We believe both trade flows and market liquidity define the value and role of the U.S. dollar in the global economy," said Luciano Siracusano, WisdomTree Chief Investment Strategist. "By benchmarking our fund to Bloomberg's Index, USDU provides investors with a tool to participate in an environment where the U.S. dollar is rising relative to other currencies." Traditional U.S. dollar benchmarks are based on weighted averages that have remained unchanged for more than 30 years, except for the replacement of legacy currencies with the introduction of the Euro in 1999. 2 "Our dollar Index provides investors a new, accurate way to assess, trade or invest in the value of the greenback against major global currencies," said Srikant Dash, Head of Bloomberg Indexes. "By including major U.S. trading partners such as China, South Korea and Mexico, and the highly liquid Australian dollar, our Index represents today's underlying markets. We are pleased that WisdomTree's ETF now offers investors a way to gain this exposure with the launch of USDU."