US exchange-traded product (ETP) provider WisdomTree has launched three fixed income ETPs, offering investors inverse exposure to UK gilts, German bunds and US treasury bonds.
The products are the Boost Gilts 10Y 1x Short Daily ETP, the Boost Bund 30Y 3x Short Daily ETP and the Boost US Treasuries 30Y 3x Short Daily ETP, the last two of which are market firsts in Europe, WisdomTree claims.
A statement from the firm said that the products launch at a time when investors are seeking cost effective hedging tools for longer duration fixed income portfolios in an environment of mounting inflationary pressures.
“We’re excited to be launching three inverse fixed income ETPs at a time when such products are attracting the majority of flows year-to-date in the European short-and-leveraged market,” said Jose Poncela, head of exchange-traded notes at WisdomTree in Europe.
WisdomTree currently has $48.9 billion (€41.7 billion) in assets under management globally.
Last month the firm bought the European exchange-traded commodity, currency and short-and-leveraged business of ETF Securities, a Jersey-headquartered provider of exchange-traded funds (ETFs) and products.
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