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Niche ETFs Flood the Market
May 15, 2008
SAN DIEGO (ETFguide.com) – Exchange-traded funds (ETFs) with investment strategies that focus in niche markets continue to pop faster than you can say “popcorn.”
WisdomTree Investments and Dreyfus Corporation have teamed up to launch the WisdomTree Dreyfus Currency Income ETFs.
The ETFs will allow investors to gain exposure to non-U.S. money market yields and their associated currency movements.
The fund ticker symbols are as follows:
--WisdomTree Dreyfus Chinese Yuan Fund (Ticker: CYB)
--WisdomTree Dreyfus Indian Rupee Fund (Ticker: ICN)
--WisdomTree Dreyfus Brazilian Real Fund (Ticker: BZF)
--WisdomTree Dreyfus Euro Fund (Ticker: EU)
--WisdomTree Dreyfus Japanese Yen Fund (JYF) expected to launch later in May
The ETFs attempt to earn current income reflective of money market rates available to
U.S. investors in the specified country or region. The funds will also seek to provide exposure to changes in the value of a designated non-U.S. currency relative to the U.S. dollar.
WisdomTree’s Currency Income ETFs will charge annual expense ratios that range from 0.35 to 0.45 percent.
Although each fund invests in very short-term, investment grade instruments, the funds are not money market funds and it is not the objective of the funds to maintain a constant share price.
The WisdomTree Dreyfus Japanese Yen Fund will list on or after Friday, May 16th.
In related news, Northern Trust Global Investments has introduced a lineup of 8 foreign equity exchange-traded funds. The funds will track established global stock market benchmarks.
The NETS country ETFs will charge expense ratios that range from 0.47 to 0.65 percent. According to ETFguide.com those costs are in line with the median expense ratio for the 133 international ETFs in its database, which charge 0.52 percent.
Nine of the funds will focus on developed international stock markets, like
Germany,
Japan, and the
United Kingdom. Three funds will be centered on emerging markets stocks in
China,
Singapore, and
South Africa.
“The Amex is proud to support Northern Trust in bringing their first family of funds into the ETF marketplace,” said Scott Ebner, Senior Vice President of the Amex ETF Marketplace. “These NETS ETFs are linked to established and globally-recognized indexes.”
--NETS AEX-index Fund (The Netherlands) (AEX)
--NETS BEL 20 Index Fund (
Belgium) (BRU)
--NETS Hang Seng Index Fund (
Hong Kong) (HKG)
--NETS S&P/MIB Index Fund (
Italy) (ITL)
--NETS FTSE/JSE Top 40 Index Fund (
South Africa) (JNB)
--NETS FTSE Singapore Straits Times Index Fund (SGT)
--NETS Hang Seng
China Enterprises Index Fund (SNO)
--NETS TOPIX Index Fund (
Japan) (TYI)
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