ETF Spotlight: WisdomTree Dreyfus Brazilian Real

Aug.13.09 | About: WisdomTree Brazilian (BZF)

ETF Spotlight on WisdomTree Dreyfus Brazilian Real (NYSEARCA:BZF), part of a weekly series.

Assets: $97 million

Holdings

BZF typically invests in a combination of U.S. money market securities with forward currency contracts as well as currency swaps. Like all of WisdomTree’s currency funds, it is not a money market fund.

Objective

BZF seeks to achieve the total returns that reflect money market rates in Brazil and the changes in value of the Brazilian real relative to the U.S. dollar.

Of Note

  • BZF is one of the top-performing currency ETFs year-to-date, up 24.3%
  • Brazil is still considered an emerging market, so its currency can be subject to high volatility
  • The expense ratio is 0.45%

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