DXJ WisdomTree [profile] is launching two new ETFs Friday after it found success with the Wisdom Tree Japan Hedged SmallCap Equity Fund, IndexUniverse reports. It is launching a small-cap version of the fund and a currency-hedged ETF which is focused on the U.K. WisdomTree Japan Hedged Fund will track a proprietary dividend-weighted index. The index measures small-cap Japanese companies' performance.

As Index Universe's Olly Ludwig notes, currency-hedged trading hasn't become very popular yet but but if the dollar becomes stronger in the near future, ETFs like WisdomTree's might be attractive to investors. The small cap equity fund may profit off of domestic growth in Japan, especially after the country's quantitative easing measures may eventually lift the economy.

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Edited by: Casey Quinlan


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