WisdomTree ETF Assets Under Management Reach $1 Billion.Milestone Underscores Success of Fundamentally Weighted, Dividend-based ETFs NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- WisdomTree Investments, Inc. (Pink Sheets: WSDT WSDT Washington State Department of Transportation ) announced today that assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. for the WisdomTree Trust have grown to $1 billion, as of Friday, November 10, 2006. In the five months since the launch of the first family of 20 fundamentally weighted dividend ETFs, assets under management have increased from $220 million to more than $1 billion. The company launched an additional 10 pure international sector ETFs in October. The increase was driven by strong net inflows from new and existing clients as WisdomTree's fundamentally weighted indexes and ETFs continue to rival industry benchmarks. "Investors have accepted fundamentally weighted ETFs as a viable alternative to traditional capitalization weighted indexes and ETFs," said Jonathan Steinberg Jonathan Steinberg is the Walter H. Annenberg Professor of Modern European History and Chair of the Department of History at the University of Pennsylvania. He received his A. B. from Harvard University and his Ph.D. from Cambridge University. , Chief Executive Officer of WisdomTree Investments. "We believe the simplicity and transparency of our approach sets us apart from other fundamentally based ETFs and we look forward to continuing to develop innovative ETF ETF See Exchange Traded Fund. ETF See exchange-traded fund (ETF). products." WisdomTree Trust is a Delaware statutory trust registered as an open-end investment company open-end investment company: see mutual fund. with the Securities and Exchange Commission. Each WisdomTree ETF is a series of WisdomTree Trust. About WisdomTree Investments, Inc. WisdomTree Investments has developed the first family of fundamentally weighted indexes and ETFs. The WisdomTree Indexes cover all major market capitalizations, both domestically and internationally. In contrast to capitalization-weighted indexes, the WisdomTree Indexes anchor the initial weights of individual stocks by a measure of fundamental value. WisdomTree Investments has attracted a talented group of industry veterans to its Board of Directors, including Professor Jeremy Siegel Jeremy Siegel (born November 14, 1945) is the Russell E. Palmer Professor of Finance at the Wharton School of the University of Pennsylvania in Philadelphia, Pennsylvania. Siegel comments extensively on the economy and financial markets - he appears regularly on networks like CNN, of The Wharton School, and legendary investor Michael Steinhardt Michael Steinhardt (born 1940) is an American businessman and was a one of the first prominent hedge fund managers. He founded Steinhardt, Fine, Berkowitz & Co. . Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. A prospectus, containing this and other information is available by calling 1-866-909-WISE. Investors should read the prospectus carefully before investing. There are risks associated with investing including the possible loss of principal. Past performance does not guarantee future results. In addition to the normal risks associated with investing, foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Funds focusing on a single country and funds that emphasize investments in smaller companies may experience greater price volatility. Transactions in fund shares will result in brokerage commissions and will generate tax consequences. WisdomTree Funds are distributed by ALPS Alps, great mountain system of S central Europe, c.500 mi (800 km) long and c.100 mi (160 km) wide, curving in a great arc from the Riviera coast on the Mediterranean Sea, along the borders of N Italy and adjacent regions of SE France, Switzerland, SW Germany, and Distributors, Inc. [c] 2006 WisdomTree Investments, Inc. "WisdomTree" is a service mark of WisdomTree Investments, Inc. WisdomTree Investments, Inc. has a patent pending on the methodology and operation of its indexes. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion