A division of BNY Mellon Asset Management, The Dreyfus Corporation, is partnering with WisdomTree Investments on international cash and fixed income exchange traded fund (ETF) products.
“We believe there is significant opportunity for ETFs to provide exposure to cash products around the world,” says WisdomTree CEO Jonathan Steinberg. “Despite U.S. cash being a US$3 trillion market segment, today’s U.S. investor is surprisingly limited in their ability to easily hold cash in non-U.S. cash investments.”
The products will be part of the WisdomTree Trust and will be co-branded and marketed by both organizations. Dreyfus will act as subadvisor to the trust.
Through its asset servicing business, The Bank of New York Mellon will provide full fund accounting and administration services for the new ETFs.
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