BetaShares, a provider of exchange traded funds (ETFs) in Australia, has launched the country’s first currency-hedged European and Japanese equity ETFs on the ASX.
The company said that BetaShares WisdomTree Europe ETF – Currency Hedged and BetaShares WisdomTree Japan ETF – Currency Hedged will provide investors access to strategies used by existing WisdomTree ETFs.
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WisdomTree’s Europe ETF, which is hedged to the US dollar, was ranked the number one ETF globally for net inflows in 2015, with over US$13bn inflows throughout the year.
Wisdom Tree’s Japan ETF currently has nearly US$9billion in assets under management.
The newly launched ETFs will aim to provide exposure to the European and Japanese equity markets respectively, hedged to Australian dollars.
According to BetaShares, the ETFs will offer exposure to globally competitive companies that are well placed to benefit from growth in international trade and the potential ongoing reliance by the European and Japanese economies on exports and currency weakness to sustain economic growth.
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