WisdomTree AT1 CoCo Bond UCITS ETF EUR Hedged

This exchange-traded fund (ETF) invests in USD-denominated Additional Tier 1 (AT1) contingent convertible bonds issued by financial institutions. These bonds are perpetual debt with call options that banks use to meet capital requirements. Unlike traditional debt, they can be converted into equity or suffer a principal reduction if the issuing bank's solvency levels fall below predefined thresholds. The fund implements currency hedging for the EUR/USD risk.