MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
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Wednesday, July 16, 2008 WisdomTree Opens Up the Gulf WisdomTree is launching the WisdomTree Middle East Dividend Fund on the Nasdaq Stock Market on Wednesday. The ETF, whose ticker symbol is "GULF," comes with an expense ratio of 88 bps. Company Press Release NEW YORK, Jul 16, 2008 (BUSINESS WIRE) -- WisdomTree (Pink Sheets: WSDT) announced the launch of the WisdomTree Middle East Dividend Fund (Ticker Symbol: GULF) on the Nasdaq Stock Market today, July 16, 2008. GULF is designed to provide broad exposure and tradable access to securities listed and traded in the Middle East. Bruce Lavine, WisdomTree President & COO, commented: "The growing economies of the Middle East region, while driven by increasing revenues from oil exports, are becoming more diversified. We estimate that equities trading in the Middle East region now make up nearly 2% of the world's total market capitalization. Further, the equity returns in the Middle East have historically demonstrated a low correlation to the U.S., developed, and even Emerging Markets, and may be a source of portfolio diversification." GULF provides investors with exposure to approximately 70 dividend-paying companies listed in Bahrain, Egypt, Jordan, Kuwait, Morocco, Oman, Qatar and the United Arab Emirates. The fund has an expense ratio of 0.88%. About WisdomTree WisdomTree(R) is a leading ETF sponsor and innovative index developer using its own fundamentally weighted index methodology. WisdomTree also licenses its indexes to third parties for proprietary products and offers a platform to promote the use of WisdomTree ETFs in 401(k) plans. Approximately $4.5 billion in assets currently are managed against the WisdomTree Indexes by WisdomTree and third parties under license from WisdomTree. For more information, please visit www.wisdomtree.com or www.wisdomtree401k.com. WisdomTree is the marketing name for WisdomTree Investments, Inc. and its wholly owned subsidiaries WisdomTree Asset Management, Inc. and WisdomTree Retirement Services, Inc. WisdomTree Asset Management, Inc. is a registered investment advisor and is the investment advisor to the WisdomTree Trust and the WisdomTree ETFs. The WisdomTree Trust is a registered open-end investment company. Each WisdomTree ETF is a series of the WisdomTree Trust. WisdomTree Retirement Services, Inc. supports the use of the WisdomTree ETFs in retirement plans by financial professionals. Printed from: MFWire.com/story.asp?s=18815 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |