US-based ETF sponsor and asset manager WisdomTree has launched a new Germany Hedged Equity Fund (DXGE), which is designed to provide exposure to German equity markets.
With expense ratio of 0.48%, the currency hedge mechanism of the newly launched fund will protect investors from fluctuations in the euro-dollar exchange rates.
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Jeremy Schwartz, director of research for WisdomTree, said: "We believe DXGE provides investors with a unique way to capitalize on the growth potential of German exporters while hedging exposure to an often volatile and unpredictable currency – the euro.
"Due to Germany’s historical tendency to display negative correlations between its equities and the euro, and a recent decline in those correlations, DXGE offers investors a way to take preemptive action by isolating their German equity exposure."
With approximately US$32.3 billion in ETF assets under management, WisdomTree currently offers 54 ETFs across equities, fixed income, currency income and alternatives asset classes.
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