Seeking Alpha
 

WisdomTree Europe Hedged Equity ETF (HEDJ)

- NYSEARCA
  • Today, 4:06 AM
    • The ECB is expected to focus on improved growth prospects when it meets today, and unveil some details of its 1T+ euro bond buying plan.
    • The bank is expected to keep interest rates on hold and lift growth forecasts after a string of positive data surprises. But with inflation at -0.3% in February, the bank could reverse its 0.7% inflation forecast for 2015 and predict deflation.
    • Markets will also be looking for guidance for on how quantitative easing will work, when the buying will start, whether it applies to paper with negative yields and how the purchases will be distributed along the yield curve. The ECB previously said money printing would last until September 2016 at least.
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR, VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, ESTX, HEZU, SBEU, DBEZ, FEUZ
    | 2 Comments
  • Yesterday, 10:12 AM
    • Complimenting its fast-growing-in-popularity hedged European large-cap, exporter-focused ETF HEDJ, WisdomTree (NASDAQ:WETF) launches the Europe Hedged SmallCap Equity ETF (EUSC), whose holdings theoretically will be more levered to local European economic growth.
    • Source: Press release
    • Good timing: Down 0.8% to $1.1008, the euro is at more than a decade-low vs. the greenback.
    | Comment!
  • Mon, Feb. 23, 3:58 PM
    • Helped along by the euro's relentless plunge, WisdomTree (NASDAQ:WETF) has another hit with its Europe Hedged Equity Fund (NYSEARCA:HEDJ). Its market cap of $11.2B is up more than 10-fold in one year, and trails current number one, the Vanguard FTSE Europe ETF (NYSEARCA:VGK) by just $1.2B in assets (as for Seeking Alpha subscribers, there are 1,777 for VGK vs. 337 for HEDJ).
    • "This is an excellent type of vehicle to go for with a currency in free- fall," says Interactive Brokers' Andrew Wilkinson, quickly summing up HEDJ's appeal.
    • Previously: WisdomTree a possible European QE winner (Feb. 20)
    | Comment!
  • Fri, Feb. 20, 11:59 AM
    • BAML's money manager survey earlier this week showed a rush of money heading into European stocks in wake of the ECB's QE program.
    • One possible beneficiary is WisdomTree Investments (NASDAQ:WETF), whose Japan Hedged Equity Fund (DXJ) saw billions of inflows in late 2012 and 2013 as a preferred vehicle for going long Japan but not the yen following the BOJ's massive QE program. The inflows helped WisdomTree become a 3-bagger in 2013.
    • Flows now look to be targeting a similar product WisdomTree has for Europe, the Europe Hedged Equity Fund (NYSEARCA:HEDJ). Deutsche has a European hedged equity fund as well, DBEF.
    • Previously: BAML on Europe: "Not a single bear left" (Feb. 17)
    | 1 Comment
  • Fri, Feb. 20, 7:39 AM
    • The story is less than the headline makes it seem, but it's nevertheless generating plenty of chatter and maybe moving markets a bit.
    • While finance officials continue to negotiate a bailout extension for Greece, employees of the central bank are running internal simulations for how to prevent a Grexit from starting a contagion. The ECB wouldn't be doing its job if it wasn't doing this, yes?
    • The IMF, according to the paper, believes a Greek exit from EMU would be manageable as the EU has had years to put firewalls in place.
    • In other eurocrat news, Maltese Finance Minister Edward Scicluna says a German-led bloc of the Eurogroup is willing to let Greece depart from EMU. “Unfortunately for Greece, they do not know how the rules and the Eurogroup work ... They are completely new and that’s a drawback for them." Are these people negotiating a sovereign bailout or razzing the chubby new kid who just moved into the neighborhood?
    • Gold has awakened from a morning slumber, popping about $7 per ounce, and if one looks closely, they can see a wiggle down in the European stock market averages.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, ESTX, HEZU, SBEU, DBEZ, FEUZ
    | 10 Comments
  • Thu, Feb. 19, 7:40 AM
    | 25 Comments
  • Tue, Feb. 17, 9:05 AM
    • Following the launch of QE in Europe, a record net 51% make the EU their top pick in stocks over the next year, up from just 18% in January, according to the BAML Fund Manager Survey for February. A net 55% of those polled are overweight.
    • The money has come out of the U.S., where just 6% are overweight, down from 24% in January.
    • “The ECB has successfully vanquished global deflation fears and induced the return of reflation trades in February,” says BAML's Michael Hartnett.
    • “Sentiment has gotten ahead of the fundamentals on European equities. It is as if there is not a single bear left," says Manish Kabra, European equity and quantitative strategist.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, ESTX, HEZU, SBEU, DBEZ, FEUZ
    | 2 Comments
  • Thu, Feb. 5, 7:59 AM
    | 9 Comments
  • Wed, Feb. 4, 4:01 PM
    • Unable to divine the fate of Greece's bailout program, the ECB earlier withdrew a waiver which had allowed the use of Greek government paper as collateral for borrowing despite its low credit rating.
    • Alongside a drop in U.S. stocks, the euro (NYSEARCA:FXE) has given up about 40 pips in minutes, now lower by 0.8% on the session at $1.1386.
    • European markets are closed, but the Stoxx 50 ETF (FEZ -2.1%) - trading in New York - takes a tumble. Others of note: Spain (EWP -2.7%), Italy (EWI -2.6%), France (EWQ -1.8%), Germany (EWG -1.6%), U.K. (EWU -0.9%).
    • Broad European ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, ESTX, HEZU, SBEU, DBEZ, FEUZ
    • Euro ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    | 7 Comments
  • Mon, Jan. 26, 11:39 AM
    • The Athens Stock Exchange General Index is down 3.2% and the FTSE/Athens Stock Exchange Large Cap Index off 5.6%, after the hard-left Syriza party comes to power in Greece.
    • Trading here, the Greece ETF (GREK -4.6%) and the National Bank of Greece (NBG -8.3%).
    • The rest of Europe, however, continues to enjoy the ECB's QE program, and the Stoxx 50 (NYSEARCA:FEZ) is higher by 0.9%, led by Italy (NYSEARCA:EWI) and Spain (NYSEARCA:EWP) each up 1.15%.
    • The euro (NYSEARCA:FXE) sunk below $1.11 in knee-jerk trade last night, but has reversed to $1.1278, up 0.7% on the session.
    • Meanwhile, European officials - led by Germany's Angela Merkel - move quickly to shoot down any idea of relaxed terms on Greece's bailout. On their mind, no doubt, is the striking success of Syriza yesterday possibly energizing other anti-austerity, left-wing movements elsewhere on the continent. The eurocrats don't want to give the idea that eased bailout conditions await new governments.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    | 11 Comments
  • Sun, Jan. 25, 8:43 PM
    • S&P 500 (NYSEARCA:SPY) futures are down 0.65%, DJIA (NYSEARCA:DIAby 0.7%, and Nasdaq 100 (NASDAQ:QQQby 0.6% as the left-wing, anti-austerity Syriza party takes power in Greece. Looking like it's going to wind up with about half the seats in parliament, Syriza has just cut a deal with the small, right-wing Independent Greeks party to form a coalition government.
    • The two share little in common except for opposition of the austerity measures imposed on Greece by the Troika.
    • German Dax (NYSEARCA:EWG) futures are lower by 0.9%, France (NYSEARCA:EWQby 0.8%, and the U.K. (NYSEARCA:EWUby 0.6%.
    • The euro (NYSEARCA:FXE) sunk to as low as $1.1099 in early trade this evening, but is currently off just 0.3% to $1.1171.
    • European and euro ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    • Greek ETF: GREK
    • Previously: Anti-austerity Syriza set to sweep Greek elections (Jan. 25)
    | 44 Comments
  • Fri, Jan. 23, 10:32 AM
    • The team at Barclays ups European equity exposure in its Global Recommended Portfolio to 26.4% from 21.6% following the ECB's €60B per month asset purchase program launched yesterday. They note the €60B figure was ahead of the €50B whisper number.
    • The 26.4% exposure stands against just 15.3% in the MSCI global benchmark.
    • The team is also overweight Japan at 14.2 vs. 7.2%, though it did take some of those chips off the table as it upped Europe. Underweight? North America at just 39.1% vs. 55.4% for the MSCI benchmark.
    • In addition to boosting exposure to Europe, Barclays adds some individual names to the recommended portfolio: Unicredit (OTCPK:UNCFF, OTC:UNCFY), Marathon Petroleum (NYSE:MPC), and Deutsche Telekom (OTCQX:DTEGY).
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    • Previously: On the way to parity? Euro tumbles (Jan. 23)
    | Comment!
  • Fri, Jan. 23, 7:38 AM
    • So much for efficient markets. The whole world knew for some time of the ECB's plan to launch QE yesterday, and thus had plenty of time to get rid of its euros (as the Swiss did a week ago). Nevertheless, the decline in the common currency has picked up steam since the announcement on Thursday, now off more than 400 pips in 24 hours.
    • At last check it's lower by 1.8% on today's session to $1.1170.
    • FXE -1.8% premarket
    • ETFs: FXE, EUO, ERO, DRR, EUFX, ULE, URR
    • Not complaining are European multinationals, and the Stoxx 50 (NYSEARCA:FEZ) is rallying hard for a 2nd day, now up 2.5% on the session.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    | Comment!
  • Thu, Jan. 22, 8:47 AM
    | 14 Comments
  • Fri, Jan. 16, 11:15 AM
    • There's a lot of talk about the carnage resulting from the SNB's move yesterday to drop the euro peg, but - outside of Switzerland - Europe is rallying for a 2nd consecutive session.
    • First, the Swiss move has led to a sharply weaker euro, not just against the franc, but vs. the dollar, pound, and yen. Second, the SNB likely dropped the peg after realizing - whether by friendly phone call from Frankfurt or otherwise - that the ECB is set to launch a massive QE program next week.
    • The Stoxx 50 (NYSEARCA:FEZ) is up another 1.6% today, with Germany's (NYSEARCA:EWG) DAX up 1.5% to an all-time high, France (NYSEARCA:EWQ+0.9%, Italy (NYSEARCA:EWI+1.8%, Spain (NYSEARCA:EWP+0.5%, and the U.K. (NYSEARCA:EWU+1.1%.
    • Parity here we come? The euro (NYSEARCA:FXE) is down another 1% vs. the dollar to just $1.1509.
    • ETFs: FXE, VGK, EUO, FEZ, ERO, IEV, HEDJ, EPV, EZU, DRR, FEU, FEP, EUFX, UPV, ULE, EURL, URR, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    • Previously: Europe liking SNB's cutting the euro loose (Jan. 15)
    | 5 Comments
  • Thu, Jan. 15, 10:32 AM
    • Europe initially knee-jerked lower on the SNB's shock decision to abandon the CHF 1.20 floor for euro/franc, but has since turned sharply higher as investors mull the salutary effects of a much cheaper euro, now down 1.4% vs. the greenback and 12.8% vs. the swissie. FXE -1.4%
    • The Stoxx 50 (NYSEARCA:FEZ+2.3%, Germany (NYSEARCA:EWG+2.2%, France (NYSEARCA:EWQ+2.5%, Italy (NYSEARCA:EWI) +2.8%, Spain (NYSEARCA:EWP+1.5%. The U.K. (NYSEARCA:EWU) - where the pound (NYSEARCA:FXB) is lower by 0.3% vs. the dollar and 11.8% vs. the franc - is ahead by 1.5%.
    • ETFs: VGK, FEZ, IEV, HEDJ, EPV, EZU, FEU, FEP, UPV, EURL, ADRU, FEEU, DBEU, IEUR, FIEU, HEZU, ESTX, FEUZ, DBEZ
    • Previously: Swatch boss: "Tsunami" just hit Swiss exporters (Jan. 15)
    | 1 Comment
Visit Seeking Alpha's
HEDJ vs. ETF Alternatives
HEDJ Description
The Fund will seek to track the performance of the WisdomTree Europe Hedged Equity Index. The Index and Fund are designed to have higher returns than an equivalent non-currency hedged investment when the value of the U.S. dollar is increasing relative to the value of the euro, and lower returns when the U.S. dollar declines against the euro. The Fund will invest in stocks of European companies with significant revenue from exports.
See more details on sponsor's website
ETF Hub
Find the right ETFs for your portfolio: Visit Seeking Alpha's ETF Hub