Bruce Lavine, president and chief operating officer of WisdomTree said the fund fills an important void in the ETF landscape by giving investors the first currency basket product delivered in the 1940 Act fund structure so that they can diversify outside the U.S. dollar in 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, Lavine said.
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