ETF provider BetaShares has released Australia’s first currency-hedged European and Japanese equity ETFs on the ASX.
According to a statement, the Europe ETF - Currency Hedged (HEUR) and the Japan ETF - Currency Hedged (HJPN) provide access to strategies used by existing products from US ETF manager WisdomTree.
The ETFs are the first products that BetaShares has launched in collaboration with WisdomTree, the statement said.
BetaShares managing director Alex Vynokur said he was pleased to be expanding the firm's existing relationship with WisdomTree.
“These products allow us to address this need and provide investors with exposure to European and Japanese companies, while at the same time sheltering their returns from currency volatility,” he said.