WisdomTree Investments, Inc., and The Dreyfus Corporation, one of BNY Mellon’s investment boutiques, have collaborated to launch several ETFs, with WisdomTree as the fund sponsor. Mellon Capital Management, also an investment boutique within BNY Mellon, is acting as the sub-advisor for the currency ETFs, while BNY Mellon will provide the fund accounting, fund administration, global custody, and transfer agency services, the companies reported.

The five currency ETFs, launching on the New York Stock Exchange, are the Wisdom Tree Dreyfus Chinese Yuan Fund (ticker: CYB), the WisdomTree Dreyfus Indian Rupee Fund (ICN), the Wisdom Tree Dreyfus Brazilian Real Fund (BZF), the WisdomTree Dreyfus Japanese Yen Fund (JYF), and the WisdomTree Dreyfus Euro Fund (EU).

The ETFs seek to earn current income reflecting money market rates available to foreign investors, according to a press release. The funds also seek to provide exposure to changes in the value of a designated non-U.S. currency relative to the U.S. dollar.

WisdomTree developed the first family of fundamentally weighted indexes and ETFs, the release says. The indexes cover all major market capitalizations, both domestically and internationally. In contrast to capitalization-weighted indexes, the WisdomTree Indexes anchor the initial weights of individual stocks to a measure of fundamental value. The company believes its approach provides investors with a viable alternative to market cap-weighted indexes.

More information is available at www.wisdomtree.com.