WisdomTree AT1 CoCo Bond UCITS ETF - USD Acc
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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 assets in the form of Additional Tier 1 contingent convertible bonds denominated in EUR, USD, and GBP issued by European financial institutions. The index aims to offer good coverage of the CoCo bond universe while upholding standards of investability and liquidity.
Risks
Investors should be aware of the risks associated with investing in CoCos, including the potential for conversion into equity or principal write-down, uncertainty around coupon payments, volatility, and the possibility of callable bonds not being redeemed as expected. Further risks are disclosed in the KIID and Prospectus.