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EUSC (WisdomTree European Opportunities Fund) is no longer actively trading.
This usually means the fund has been liquidated, merged into another product, or its ticker has been retired. Every price, valuation, dividend, and analyst figure on this page is frozen at the last available trading session and reads as historical reference — not a current-day signal.
Under normal circumstances, at least 80% of the fund's total assets will be invested in component securities of the index and investments that have economic characteristics that are substantially identical to the economic characteristics of such component securities. The index is a dividend weighted index designed to provide exposure to small cap equity securities within Europe, while at the same time neutralizing exposure to fluctuations between the value of the euro and the U.S. dollar. The fund is non-diversified.
European equities and related ETFs are among the leading Q1 trades, powered significantly by large-caps. That's the result of investors embracing European industrials amid expectations countries there will largely boost defense spending.
The WisdomTree Europe Hedged SmallCap Equity Fund receives a Hold rating when compared to other Europe-only hedged ETFs and a Sell when compared to US small-cap ETFs. EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index, aiming to neutralize Euro/USD fluctuations, with a focus on small-cap, dividend-paying European stocks. Despite its hedging benefits, EUSC's $59m AUM is barely viable, and its 58bps fee aligns with other WisdomTree hedged ETFs.
Helped by the Federal Reserve's September interest rate cut of 50 basis points, domestic small-cap stocks and the related exchange traded funds caught a bid. For example, the Russell 2000 Index is higher by 1.47% over the past month.
The European Central Bank cut interest rates by 25bps, bringing the deposit rate down to 3.75%. Inflation is expected to come in at 2.5% in 2024, 2.2% in 2025 and 1.9% in 2026.
Declining inflation and slower growth have contributed to the rising potential for rate cuts in Europe. Eurozone core inflation has been coming down more quickly than similar measures in the U.S. and the U.K. If the euro were to weaken and drop through parity, that might give the ECB pause about cutting rates.