WisdomTree [profile] is planning to launch a new fund that will reportedly track the performance of the asset manager's own Wisdom Tree International Hedged Dividend Growth Index.

The new fund, which takes the same name as the index, will invest in dividend-paying common stocks for growth companies in the industrialized world excluding Canada and the United States, according to an SEC filing. The index hedges against fluctuations of foreign currencies against the U.S. dollar.

Lately, WisdomTree has launched products that focus on emerging markets and currency hedged equity ETFs.  

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