Remember WisdomTree's Star ETF? BlackRock Is Taking Over: Chartby
BlackRock Inc. is starting to displace WisdomTree Investments Inc. with its currency-hedged exchange-traded fund tracking European shares.
The iShares Currency Hedged MSCI Eurozone ETF saw its market cap grow 40-fold in a year, including record inflows in December, when the WisdomTree Europe Hedged Equity Fund had its biggest-ever withdrawals. The latter became a favorite at the beginning of 2015 among traders wanting in on a stock boom fueled by central-bank stimulus. To read more, click here.