WisdomTree plan to complete the transfer of all of its NYSE-listed ETFs to the NYSE Arca platform by November 28.
NYSE Euronext (NYSE Euronext: NYX) today announced that WisdomTree Trust will complete the transfer of all of its NYSE-listed exchange traded funds (ETFs) to the NYSE Arca listing and trading platform.
The following ETFs will transfer prior to the opening of trading on Wednesday, November 28, 2007 :
WisdomTree SmallCap Dividend Fund
WisdomTree LargeCap Dividend Fund
WisdomTree MidCap Dividend Fund
WisdomTree Dividend Top 100 Fund
WisdomTree International Basic Materials Sector Fund
WisdomTree Europe Total Dividend Fund
WisdomTree Europe High-Yielding Equity Fund
WisdomTree International Consumer Cyclical Sector Fund DPC
Initiated by specialist firms and undertaken in conjunction with issuers, NYSE Group concluded that the most efficient and industry-preferred market structure for listing and trading ETFs is the NYSE Arca platform, which utilizes dedicated liquidity providers in the form of Lead Market Makers (LMMs). This model, which requires LMMs to maintain certain performance obligations for all NYSE Arca listed securities, benefits investors and issuers with consistent liquidity and reduced volatility. NYSE Group believes that offering a single, harmonized platform for listing and trading ETFs will further improve efficiencies and market quality.
NYSE Arca’s all-electronic platform is the single largest public liquidity pool for ETFs in the U.S. and presents a compelling value proposition for all market participants. So far in 2007, NYSE Arca handled 42.3% of all ETF shares traded in the U.S, representing an average daily volume of approximately 216.36 million shares per day.
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007 . NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $30.3 trillion/€21.3 trillion total market capitalization of listed companies and average daily trading value of approximately $146.6 billion/€108.9 billion (as of September 30, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext's plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext's current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext's results to differ materially from current expectations include, but are not limited to: NYSE Euronext's ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext’s reference document for 2006 ("document de référence") filed with the French Autorité des Marchés Financiers (Registered on June 6, 2007 under No. R.07-0089), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
There are risks involved with investing, including the possible loss of principal. Past performance does not guarantee future results. In addition to the normal risks of investing, international investing involves special risks, such as currency fluctuation or political uncertainty.
Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. To obtain a prospectus containing this and other important information, please call 1-866-909-WISE (9473) or visit wisdomtree.com to view or download a prospectus online. Read the prospectus carefully before you invest.
WisdomTree Funds are distributed by ALPS Distributors, Inc. WIS000869 (11/08)
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