WisdomTree launches accumulating share class of flagship Japan Equity UCITS ETF on the SIX Swiss Exchange
Monday 24th April '17
Zurich, Monday, 24 April 2017: WisdomTree, the exchange traded fund ("ETF") and exchange traded product ("ETP") sponsor today announced the listing of an accumulating share class for its flagship Fund—the WisdomTree Japan Equity UCITS ETF - USD Hedged—on the SIX Swiss Exchange.
“We’re excited to offer increased flexibility of our flagship and largest Fund to Swiss investors,” said Nizam Hamid, WisdomTree ETF Strategist. “Currency hedged Japanese equity strategies have proven popular with Swiss investors; in Japan, equities and the Yen have an inverse relationship. In the current market environment, the Yen is weakening, which offers investors an ideal entry point to gain Japanese equity exposure.”
“Increasingly, with the political uncertainty in Europe, investors are looking overseas for investment return opportunities,” Hamid added. “With strong profit expectations, improving valuations and a domestic policy focused on structural change, Japan has a compelling long-term, strategic investment case.”
WisdomTree’s Japan Equity UCITS ETF offers broad exposure with a focus on dividend paying companies that generate more than 20% of overseas revenue. Designed to neutralise currency fluctuations of the Japanese Yen relative to the US Dollar using a one-month forward currency contract, the Fund may provide sophisticated Swiss investors with an effective solution to hedge currency risk against today’s uncertain macro outlook.
The new share class adds to the broad range of Swiss Franc, USD and Euro hedged share classes that WisdomTree provides investors in Switzerland.
“WisdomTree is well known for providing differentiated strategies in the currency hedging space. This new share class is a perfect example of WisdomTree’s ability to provide client-focused solutions in the current market environment,” said Hamid. “In addition to providing a hedge against currency risk, the accumulating share class offers another option for investors to efficiently reallocate within the product set.”