WisdomTree to License Indexes to Parametric as Benchmarks for Tax-Managed Separate Accounts.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 ) today announced that has it has licensed its broad fundamentally weighted dividend index family to Parametric Portfolio Associates of Seattle, Washington  This page is protected from moves until disputes have been resolved on the .The reason for its protection is listed on the protection policy page. . This is WisdomTree's first licensing agreement since the introduction of its indexes. Parametric will use the WisdomTree Indexes as benchmarks for its successful tax-managed separate account business. The firm manages approximately $17.4 billion in assets for high net worth individuals, institutions and overlay partners. Parametric will employ tax-management techniques that seek to outperform a pure replication of the WisdomTree Indexes on an after-tax basis After-tax basis The comparison basis used to analyze the net after-tax returns on a corporate taxable bond and a municipal tax-free bond. by engaging in a systematic program of tax loss harvesting and capital gain deferral. 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, Inc., said, "We are thrilled to partner with a firm that has been very innovative in the indexing field. As we continue to educate customers about the potential benefits of WisdomTree's unique approach, we have had a number of clients ask whether they can invest against our indexes using accounts with Parametric. We are pleased that now they can." Ross Chapin, Director of Business Development for Parametric, stated, "Fundamentally weighted index strategies are a natural addition to the array of benchmarks, both cap-weighted and non cap-weighted, we currently offer to the high net worth marketplace and we welcome the opportunity to offer WisdomTree's family of dividend based indexes. Delivering customized separate account solutions with significant after-tax performance has long been a primary Parametric strategy, and managing portfolios benchmarked to fundamental indexes fits well with that objective." About WisdomTree Investments, Inc. WisdomTree Investments has developed the first family of fundamentally weighted dividend indexes and ETFs. The WisdomTree Indexes cover all major market capitalizations Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. , both domestically and internationally. In contrast to capitalization-weighted indexes, the WisdomTree Indexes anchor the initial weights of individual stocks by cash dividends, 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. . About Parametric Parametric is an industry-leading provider of structured portfolio management. Founded in 1987 and headquartered in Seattle, Washington, Parametric is a registered investment advisor Registered Investment Advisor (RIA) is a designation obtainable in the United States by an individual who has registered with the U.S. Securities and Exchange Commission or state regulatory agency (where the primary business is situated or multiple States in some cases) in offering structured portfolio solutions in the areas of tax-efficiency, non-U.S., emerging markets, and overlay management. The firm manages approximately $17.4 billion in assets for high net worth individuals, institutions and overlay partners. More information about the Tax-Managed WisdomTree Indexes or Parametric is available by calling Ross Chapin at 206.694.4137 or by visiting www.parametricportfolio.com 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. 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. |
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