Wisdom Tree, Vanguard Roll Out New ETFs

by: Tom Lydon

Add to the ever-growing roster two new exchange traded funds, this time from both WisdomTree and Vanguard.

The WisdomTree Dreyfus Commodity Currency Fund (NYSEArca: CCX) is the first ETF to give exposure to a basket of commodity currencies. The fund will give money market returns of the countries that are home to commodity currencies, reports The ETF Professor for Benzinga. CCX will not invest in currencies that are pegged to the U.S. dollar such as the Chinese yuan.

CCX will track a basket of eight currencies of emerging as well as developed commodity-producing economies: the Australian dollar, Canadian dollar, Norwegian krone, New Zealand dollar, Brazilian real, Chilean peso, Russian ruble and South African rand. The fund has an expense ratio of 0.55%, reports Steve Dew for Index Universe.

Vanguard, the sponsor known for its low-cost ETFs, Friday launched seven new funds based on Russell indexes. Steve Dew for Index Universe reports that Vanguard is in expansion mode, and is on track to become the third-largest ETF provider. Expense ratios for the new funds are in keeping with Vanguard’s low-cost ethos, ranging from 0.12% to 0.20%.

The new ETFs are:

  • Vanguard Russell 1000 ETF (NASDAQ: VONE)
  • Vanguard Russell 1000 Value ETF (NASDAQ: VONV)
  • Vanguard Russell 1000 Growth ETF (NASDAQ: VONG)
  • Vanguard Russell 2000 Index Fund (NASDAQ: VTWO)
  • Vanguard Russell 2000 Value Index Fund (NASDAQ: VTWV)
  • Vanguard Russell 2000 Growth Index Fund (NASDAQ: VTWG)
  • Vanguard Russell 3000 Index Fund (NASDAQ: VTHR)

Tisha Guerrero contributed to this article.