WisdomTree launches WisdomTree Yield Enhanced GLBY.
NEW YORK: WisdomTree launched 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%.
WisdomTree is an exchange-traded fund ("ETF") and exchange-traded product sponsor and asset manager. "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.
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 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.