WisdomTree Launches International Real Estate Fund
June 05 2007 - 8:00AM
Business Wire
WisdomTree Investments, Inc. (Pink Sheets: WSDT) today announced
that The WisdomTree Trust will launch a new dividend-weighted ETF
today on the American Stock Exchange. The WisdomTree International
Real Estate Fund (AMEX: DRW), tracks an index that is comprised of
approximately 224 dividend paying companies in 19 developed market
countries across Europe, Asia and Far East whose primary business
is operating or developing real estate. This is WisdomTree�s 25th
fund focused on non-U.S. equity markets. The new ETF will have an
expense ratio of .58% and will trade under the ticker DRW. The
Kellogg Group will act as the specialist for the product. �Real
estate has been a strong performing asset class over the last few
years and we are pleased to introduce a unique investment vehicle
focused exclusively on diversifying investors across international
borders,� said Bruce Lavine, President & COO of WisdomTree. �We
think an investment in international real estate can provide
significant diversification benefits as the asset class has a
relatively low correlation with domestic real estate and offers
access to fast growing real estate sectors around the world.�
Jonathan Steinberg, CEO of WisdomTree, added, �This new ETF is
consistent with WisdomTree�s focus on fundamental weighting, which
is designed to offer investors the potential for long-term
performance, with lower volatility than comparable international
real estate market cap-weighted ETFs.� About WisdomTree
Investments, Inc. WisdomTree Investments, Inc. 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 to a measure of fundamental
value. The company believes its approach provides investors with a
viable alternative to market cap-weighted indexes. WisdomTree Trust
is a Delaware statutory trust registered as an open-end investment
company with the Securities and Exchange Commission. Each
WisdomTree ETF is a series of WisdomTree Trust. As of May 2007,
assets under management in the WisdomTree trust are approximately
$4 billion. Investing involves risk including the possible loss of
principle. International investing involves special risks, such as
currency fluctuation or political uncertainty. Investments in real
estate involve additional special risks, such as credit risk,
interest-rate fluctuations and the affect of varied economic
conditions. Past performance does not guarantee future results.
Investors should consider the 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 (9473) or by visiting www.wisdomtree.com. Please
read the prospectus carefully before investing. WisdomTree Funds
are distributed by ALPS Distributors, Inc.
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