WisdomTree Launches Actively Managed U.S. Current Income ETF

WisdomTree Trust launched an actively managed exchange-traded fund (ETF) holding U.S. money market securities.

The WisdomTree U.S. Current Income Fund is listed on the NYSA Arca today (ticker: USY) with an expense ratio of 0.25%, according to a press release from WisdomTree Investments, Inc. Mellon Capital, acting as subadviser, will manage the fund’s assets.

“We have seen a flight to quality demonstrated by continued inflows into money market funds and we believe investors seeking to manage their cash positions will welcome the daily flexibility and transparency of the ETF structure as an important and appropriate development,’ said Bruce Lavine, WisdomTree President & COO.

WisdomTree said USY will seek to earn current income while preserving capital and maintaining liquidity by investing primarily in very short term, high-quality money market instruments denominated in U.S. dollars. Although USY invests in very short-term, investment grade instruments, the fund is not a “money market” fund and it is not the objective of the fund to maintain a constant share price.

As of May, assets under management in the Delaware-based WisdomTree Trust are more than $4.9 billion.

A prospectus is available by calling 866.909.WISE (9473) or by visiting www.wisdomtree.com.