WisdomTree AT1 CoCo Bond UCITS ETF - USD header image

WisdomTree AT1 CoCo Bond UCITS ETF - USD

ETF

ISIN IE00BZ0XVF52 / Valor null

NAV (2024-11-07)
USD 84.92+0.23%

WisdomTree AT1 CoCo Bond UCITS ETF - USD
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General Objective

The fund seeks to track the performance of the iBoxx Contingent Convertible Liquid Developed Europe AT1 Index, which reflects the performance of Additional Tier 1 contingent convertible bonds issued by financial institutions from European developed markets.

Fund Exposure

The fund is exposed to fixed income asset class through Additional Tier 1 contingent convertible bonds denominated in EUR, USD, and GBP issued by European financial institutions. The index is market value-weighted and excludes CoCo bonds that do not meet WisdomTree's ESG criteria.

Risks

Investors should be aware that CoCos can be converted into equity or have their principal written down, potentially resulting in loss of investment. The behavior of the CoCo bond market in a systemic financial crisis is untested, leading to potential degradation of price and liquidity. Additionally, coupon payments on some CoCos are discretionary and can be cancelled, making CoCo products more volatile.

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Source

https://www.wisdomtree.eu/en-gb/etfs/fixed-income/wisdomtree-at1-coco-bond-ucits-etf-usd

Tags:
financial institutions contingent convertible iboxx contingent convertible liquid developed europe at 1

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OTHER SHARE CLASSES OF THIS FUND

WisdomTree AT1 CoCo Bond UCITS ETF - USD Acc
WisdomTree AT1 CoCo Bond UCITS ETF - USD Acc WisdomTree AT1 CoCo Bond UCITS ETF - USD Acc
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Annual Return

-50%0%+50%

Risk level

110
-0.48%USD 121.50
WisdomTree AT1 CoCo Bond UCITS ETF - USD Hedged
WisdomTree AT1 CoCo Bond UCITS ETF - USD Hedged WisdomTree AT1 CoCo Bond UCITS ETF - USD Hedged
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
-0.07%USD 95.75
WisdomTree AT1 CoCo Bond UCITS ETF - GBP Hedged
WisdomTree AT1 CoCo Bond UCITS ETF - GBP Hedged WisdomTree AT1 CoCo Bond UCITS ETF - GBP Hedged
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Annual Return

-50%0%+50%

Risk level

110
-0.07%GBP 88.22
WisdomTree AT1 CoCo Bond UCITS ETF - EUR Hedged
WisdomTree AT1 CoCo Bond UCITS ETF - EUR Hedged WisdomTree AT1 CoCo Bond UCITS ETF - EUR Hedged
starstarstarstarstar

Annual Return

-50%0%+50%

Risk level

110
-0.09%EUR 83.61