money really matters

By Carl Delfeld of ChartwellETF.com

WisdomTree and the Dreyfus Corporation, part of BNY Mellon Asset Management, announced today through a press release the listing of the WisdomTree Dreyfus Emerging Currency Fund (CEW) on the NYSE Arca with an expense ratio of 0.55%. 

Bruce Lavine, WisdomTree President&COO commented, “Our new Emerging Currency fund fills an important void in the ETF landscape by giving investors the first currency basket product delivered in the 1940 Act fund structure.  CEW should be attractive to investors interested in diversifying outside the U.S. Dollar or accessing a less correlated asset class. 

 “The ETF provides investors exposure to both money market rates across 11 Emerging Market countries, as well as movements in these currencies relative to the U.S. Dollar.  Our clients asked us for a basket strategy to complement our individual country currency income funds and we are happy to deliver that today.”
Constituent currencies at launch: Mexican Peso, Brazilian Real, Chilean Peso, South African Rand, Polish Zloty, Israeli Shekel, Turkish New Lira, Chinese Yuan, South Korean Won, Taiwanese Dollar, and Indian Rupee.  

Although the Fund invests in very short-term, investment grade instruments, the Fund is not a "money market" fund and it is not the objective of the Fund to maintain a constant share price.