WisdomTree Expands ETF Offerings On Schwab OneSource


The Schwab ETF OneSource platform, the largest menu of exchange-traded funds available on a commission-free basis, grew a little bit more earlier this week with addition of three ETFs from WisdomTree Investments, Inc. (NASDAQ:WETF).

The WisdomTree ETFs added to Schwab OneSource are the WisdomTree Dynamic Long/Short U.S. Equity Fund (BATS: DYLS), WisdomTree Trust WisdomTree Barclays U.S. Aggregate Bond Enhanced Yield Fund (NYSE: AGGY) and the WisdomTree Dynamic Currency Hedged International Equity Fund (BATS: DDWM).

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DDWM, which debuted in January, already has more than $250 million in assets under management, making it one of the most successful ETFs to come to market this year.

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Related Link: An Actively Passive Currency Hedged Strategy

DDWM tracks developed markets dividend payers, excluding U.S. and Canadian stocks, while implementing dynamic currency hedging. If a currency, on a purchasing parity basis, is overvalued relative to the dollar, the DDWM can move closer to being fully hedged. Likewise, if the dollar is overvalued compared to other currencies, hedging becomes less useful.


The WisdomTree Barclays U.S. Aggregate Bond Enhanced Yield Fund, which offers a new way of accessing the traditional, widely followed Barclays Aggregate Bond Index, is just over a year old and has more than $83 million in assets under management.

With the addition of AGGY, DDWM and DYLS to Schwab OneSource, there are now 17 WisdomTree ETFs on the platform.

As of May 31, 2016, Schwab ETF OneSource has $55.8 billion in assets under management and year-to-date flows into ETFs in the program are $4.1 billion, representing 55 percent of the total ETF flows at Schwab, according to a statement.

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