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A Europe ETF That Endured The Yuan Devaluation...Sort Of

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WisdomTree Europe SmallCap Dividend Fund ETF ETF:DFE, WisdomTree Dreyfus Chinese Yuan Fund ETF ETF:CYB - A Europe ETF That Endured The Yuan Devaluation...Sort Of

It has been almost a month since the People’s Bank of China (PBoC) devalued the yuan. Over that period, the WisdomTree Dreyfus Chinese Yuan Fd (ETF) CYB 0.16% has slid 4.2 percent, but plenty of other international exchange-traded funds have been affected by the Chinese currency's slide.

The China Influence

The yuan's slide has been a drag on Europe ETFs, too. China is a major destination for European luxury exports ranging from automobiles to clothing to handbags, so it is plausible that ETFs chock full of European companies that depend on China as a significant revenue source would be pinched in the aftermath of the yuan devaluation.

Some Europe ETFs have been less bad than others in the wake of the Chinese...