WisdomTree and Dreyfus have joined together to launch the WisdomTree Dreyfus Emerging Currency Fund, an exchange-traded fund listed on the NYSE Arca.

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.

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