WisdomTree Investments closed out 2013 with a bang, launching six funds in one day in mid-December. Five of the new funds listed on the Nasdaq and are clearly aimed at quelling investors’ fears of a rising interest rate related to the Federal Reserve’s announced $10 billion tapering of its economic stimulus.
WisdomTree refers to four of the Nasdaq-listed ETFs as its “Rising Rates ETF Solution Suite”; they are designed to help investors maintain traditional asset allocations, while managing interest-rate risk, according to a press release from WisdomTree. The funds, their tickers and expense ratios are as follows:
- WisdomTree Barclays U.S. Aggregate Bond Zero Duration Fund (AGZD), 0.23 percent
- WisdomTree Barclays U.S. Aggregate Bond Negative Duration Fund (AGND), 0.28 percent
- WisdomTree BofA Merrill Lynch High Yield Bond Zero Duration Fund (HYZD), 0.43 percent
- WisdomTree BofA Merrill Lynch High Yield Bond Negative Duration Fund (HYND), 0.48 percent
Meanwhile, WisdomTree also rolled out the WisdomTree Japan Interest Rate Strategy Fund (JGBB) on the Nasdaq; the fund seeks to benefit from rising interest rates in Japan. It invests in U.S. Treasury bills and Japanese government bonds, the press release said. JGBB comes with an expense ratio of 0.50 percent.
The sixth fund listed on the NYSE Arca. The WisdomTree Bloomberg U.S. Dollar Bullish Fund (USDU), which bets on the U.S. dollar appreciation relative to a basket of global currencies, has an expense ratio of 0.50 percent.