WisdomTree launches world’s first bond ETF dedicated to Coronavirus recovery efforts

WisdomTree, the exchange-traded fund ("ETF") and exchange-traded product ("ETP") sponsor, today announced the launch of an ETF that allows investors to access the evolving asset class of European Union (EU) bonds. The WisdomTree European Union Bond UCITS ETF (EUBO), listed today on Borsa Italiana and Börse Xetra, seeks to track the price and yield performance, before fees and expenses, of the iBoxx EUR European Union Select Index, and has an expense ratio of 0.16%.

EUBO seeks to track performance of the iBoxx EUR European Union Select Index, a basket of EUR denominated investment grade bonds issued by the EU.

The market-cap-weighted index contains only bonds that are issued by the EU to finance the SURE[1] programme which has a ceiling of €100 billion and the NextGenerationEU initiative which has an envelope of €750 billion. These initiatives help to mitigate EU member state unemployment risks and repair the immediate economic and social damage brought about by the coronavirus pandemic.