WisdomTree Launches Yield Enhanced Global Aggregate Bond Fund (GLBY)
December 13 2018 - 8:30AM
WisdomTree (NASDAQ: WETF), an exchange-traded fund (“ETF”) and
exchange-traded product (“ETP”) sponsor and asset manager, today
announced the launch of the
WisdomTree Yield Enhanced
Global Aggregate Bond Fund (GLBY) on the NYSE Arca
Exchange. GLBY seeks to track the price and yield performance,
before fees and expenses, of the Bloomberg Barclays Global
Aggregate Enhanced Yield Index (USD Hedged) and has an expense
ratio of 0.20%.
“GLBY provides investors a simple and cost-effective way to
access multiple economies, interest rates and yield curves with the
prospect of higher return potential and lower absolute risk than
domestic bond markets alone. This fund is ideal for investors
looking to enhance yield or seeking diversification through global
fixed income,” said Rick Harper, WisdomTree Head of Fixed
Income.
What’s Under the Hood?
The WisdomTree Yield Enhanced Global Aggregate Bond Fund tracks
the underlying index which employs a systematic methodology to
enhance potential yield at the sector and global level by taking
advantage of opportunities that exist between currency blocks and
abiding by disciplined risk constraints.
The Index:
- Deconstructs the Bloomberg Barclays Global Aggregate Index into
distinctive maturity and sector investment buckets for each of the
major currency exposures;
- Re-weights sector and maturity buckets within each currency
block to enhance yield, while adhering to disciplined risk
constraints on tracking error, duration and sector exposure;
- Re-weights currency blocks to enhance net yield, while adhering
to a set of disciplined constraints on tracking error and
risk;
- And hedges the bond cash flows back to U.S. dollars to mitigate
currency risk.
This process results in distinct potential benefits when
compared to market-capitalization weighted indexes, such as a
greater balance between corporate and government debt exposures
globally and an enhanced tradeoff between yield potential and
interest rate risks.
This launch is an extension of WisdomTree’s yield enhanced fixed
income offerings, which includes the WisdomTree Yield Enhanced U.S.
Aggregate Bond Fund (AGGY) and WisdomTree Yield Enhanced U.S.
Short-Term Aggregate Bond Fund (SHAG). Learn more about the
WisdomTree Yield Enhanced Global Aggregate Bond Fund (GLBY)
here.
This Fund is new and has limited operating history. You cannot
invest directly in an index.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Fund before
investing. To obtain a prospectus containing this and other
important information, call 866.909.9473 or visit WisdomTree.com.
Investors should read the prospectus carefully before
investing.
Diversification does not eliminate the risk of experiencing
investment losses.
There are risks associated with investing, including possible
loss of principal. Fixed income investments are subject to interest
rate risk; their value will normally decline as interest rates
rise. Fixed income investments are also subject to credit
risk, the risk that the issuer of a bond will fail to pay interest
and principal in a timely manner, or that negative perceptions of
the issuer’s ability to make such payments will cause the price of
that bond to decline. Investing in mortgage- and asset-backed
securities involves interest rate, credit, valuation, extension and
liquidity risks and the risk that payments on the underlying assets
are delayed, prepaid, subordinated or defaulted on. The Fund
invests in the securities included in, or representative of, its
Index regardless of their investment merit and the Fund does not
attempt to outperform its Index or take defensive positions in
declining markets. Due to the investment strategy of the Fund, it
may make higher capital gain distributions than other ETFs. The
Fund uses various strategies to attempt to minimize the impact of
changes in the value of the non-U.S. currencies against the U.S.
dollar. These strategies may not be successful. Derivatives used by
the Fund to offset its exposure to foreign currencies represented
in the Index may not perform as intended. There can be no assurance
that the Fund’s hedging transactions will be effective. Please read
the Fund’s prospectus for specific details regarding the Fund’s
risk profile.
BLOOMBERG® is a trademark and service mark of Bloomberg Finance
L.P. and its affiliates (collectively “Bloomberg”). BARCLAYS® is a
trademark and service mark of Barclays Bank Plc (collectively with
its affiliates, “Barclays”), used under license. Bloomberg or
Bloomberg’s licensors, including Barclays, own all proprietary
rights in the Bloomberg Barclays Indices. Neither Bloomberg nor
Barclays is affiliated with WisdomTree, and neither approves,
endorses, reviews or recommends the WisdomTree Yield Enhanced
Global Aggregate Bond Fund (GLBY). Neither Bloomberg nor Barclays
guarantees the timeliness, accurateness or completeness of any data
or information relating to the Bloomberg Barclays Global Aggregate
Index, and neither shall be liable in any way to WisdomTree,
investors in WisdomTree Yield Enhanced Global Aggregate Bond Fund
(GLBY) or other third parties in respect of the use or accuracy of
the Bloomberg Barclays Global Aggregate Index or any data included
therein.
WisdomTree Funds are distributed by Foreside Fund Services, LLC,
in the U.S. only.
Rick Harper is a registered representative of Foreside Fund
Services, LLC.
WTPR-20181207-0036
About WisdomTree
WisdomTree Investments, Inc., through its subsidiaries in the
U.S., Europe and Canada (collectively, “WisdomTree”), is an
exchange-traded fund (“ETF”) and exchange-traded product (“ETP”)
sponsor and asset manager headquartered in New York.
WisdomTree offers products covering equities, fixed income,
currencies, commodities and alternative strategies.
WisdomTree currently has approximately $55.5 billion in assets
under management globally. For more information, please visit
www.wisdomtree.com or follow us on Twitter @WisdomTreeETFs.
WisdomTree® is the marketing name for WisdomTree Investments,
Inc. and its subsidiaries worldwide.
Contact Information:Media RelationsWisdomTree
Investments, Inc.Jessica Zaloom / Kylie Scott+1.917.267.3735 /
+1.917.267.3860jzaloom@wisdomtree.com / kscott@wisdomtree.com
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