BetaShares launches Australia’s first European and Japanese currency hedged ETFs
BetaShares WisdomTree Europe ETF – Currency Hedged (ASX: HEUR) and BetaShares WisdomTree Japan ETF – Currency Hedged (ASX: HJPN) provide access to strategies used by existing WisdomTree ETFs, which have proven to be some of the most popular with investors overseas.
WisdomTree’s Europe ETF, which is hedged to the US dollar, was ranked the number one ETF globally for net inflows in 2015, with over US$13 billion inflows throughout the year. Wisdom Tree’s Japan ETF currently has ~US$9B in assets under management.
HEUR and HJPN aim to provide exposure to the European and Japanese equity markets respectively, hedged to Australian dollars. The ETFs will provide exposure to globally competitive companies that are well placed to benefit from growth in international trade and the potential ongoing reliance by the European and Japanese economies on exports and currency weakness to sustain economic growth.