WisdomTree To Launch Two Currency ETFs

WisdomTree has announced plans to launch two new currency ETFs. The WisdomTree Rising Dollar Fund will bet on greenback appreciation against 15 currencies from both developed and emerging markets.

The Rising Dollar Fund will invest in short-term Treasuries, money markets and forward currency contracts. The ETF will compete against the PowerShares DB US Dollar Bullish ETF (NYSE: UUP).

WisdomTree's second currency offering is designed to track commodity currencies. The WisdomTree Commodity Currency Fund will track currencies from countries such as Australia, Brazil, Canada, New Zealand, South Africa and others.

WisdomTree currently has eight currency ETFs.