Three new Digital Funds are now available
direct-to-consumers through WisdomTree’s personal finance app
WisdomTree, Inc. (NYSE: WT), a global financial innovator, today
announced the launch of three new Digital Funds, each leveraging
research insights from Professor Jeremy Siegel, Senior Economist to
WisdomTree and Emeritus Professor of Finance at The Wharton School
of the University of Pennsylvania. These blockchain-enabled funds
are exclusively available on WisdomTree Prime™, which is now
available to U.S. investors across 36 states.
The new Digital Funds are actively managed and seek long-term
capital appreciation using an asset allocation strategy that
predominantly invests in exchange traded funds (ETFs), including
WisdomTree ETFs, providing WisdomTree Prime users with more options
for a curated investing experience covering a wide variety of asset
classes all within a blockchain-native ecosystem. WisdomTree’s
in-house transfer agent keeps a secondary record of investor
ownership of Digital Fund shares currently on the Stellar
blockchain, with the Ethereum and other blockchains being a focus
for the future. The three new Digital Funds join WisdomTree’s suite
of nine Digital Funds already available through WisdomTree
Prime.
- The WisdomTree Siegel Global Equity Digital Fund (EQTYX)
provides exposure to equity investments (U.S. and international
markets, and may include emerging markets).
- The WisdomTree Siegel Moderate Digital Fund (MODRX) is
designed to follow the traditional 60/40 allocation (i.e., 60%
equities/40% fixed income).
- The WisdomTree Siegel Longevity Digital Fund (LNGVX) is
designed to challenge the more traditional 60/40 allocation by
weighting the allocation more toward equities in seeking to address
increased longevity as people are generally living longer.
In addition, in generally seeking higher income generation and
market outperformance potential, each Digital Fund’s allocation to
equities focuses on including equities that have historically
exhibited higher dividend yields and/or lower valuation ratios.
“My long-standing relationship with WisdomTree has resulted in
model portfolios available to financial advisors since 2019, but
this is the first time ever that funds constructed with strategies
that leverage my research are available direct-to-consumers through
WisdomTree Prime,” said Professor Jeremy Siegel. “I am pleased
WisdomTree is utilizing my research in the management of these
funds."
Professor Siegel has served as a Senior Investment Strategy
Advisor to WisdomTree since 2004. His title was elevated to Senior
Economist to WisdomTree in 2023 to reflect a deepened commitment as
a result of continued collaboration and an aligned vision on
long-term investing strategies focused on equities. As Senior
Economist, Professor Siegel provides consultation and information
to WisdomTree regarding his academic research, including as it
relates to global financial markets, the global economic
environment, monetary policy, and interest rates, among other
services. Professor Siegel does not have any day-to-day
responsibilities with respect to any WisdomTree Siegel Digital
Fund.
“We are thrilled that insights from Professor Siegel, a
world-renowned expert on the economy and financial markets, are
being leveraged in the blockchain-enabled ecosystem for the very
first time,” said Will Peck, Head of Digital Assets at WisdomTree.
“We believe that blockchain is the future of finance and are proud
to provide WisdomTree Prime users with now twelve Digital Funds
that offer traditional exposures within a digital wrapper. Many on
Wall Street have their eyes on tokenization and unlocking use cases
through blockchain – and WisdomTree is leading the industry
evolution by making these products available to investors
today.”
For more information about the WisdomTree Digital Funds, please
visit www.wisdomtree.com/investments/digital-funds.
Access to WisdomTree Digital Funds is offered through WisdomTree
Prime™, which is available in the Apple App Store and Google Play
for users across 36 states in the U.S. Please visit
https://www.wisdomtreeprime.com/ for the latest information on
availability.
About WisdomTree
WisdomTree is a global financial innovator, offering a
well-diversified suite of exchange-traded products (ETPs), models,
solutions and products leveraging blockchain-enabled technology. We
empower investors and consumers to shape their future and support
financial professionals to better serve their clients and grow
their businesses. WisdomTree is leveraging the latest financial
infrastructure to create products that provide access, transparency
and an enhanced user experience. Building on our heritage of
innovation, we are also developing and have launched
next-generation digital products, services and structures,
including digital or blockchain-enabled mutual funds and tokenized
assets, as well as our blockchain-native digital wallet, WisdomTree
Prime™.*
*The WisdomTree Prime digital wallet and digital asset services
are made available through WisdomTree Digital Movement, Inc. (NMLS
ID: 2372500), in select U.S. jurisdictions and may be limited where
prohibited by law. Visit www.wisdomtreeprime.com or the WisdomTree
Prime mobile app for more information. Foreside Fund Services, LLC,
(FFS) is not affiliated with WisdomTree, Inc. and its subsidiaries.
FFS does not provide digital wallet or digital asset services.
WisdomTree currently has approximately $100 billion in assets
under management globally.
For more information about WisdomTree and WisdomTree Prime,
visit: https://www.wisdomtree.com.
Please visit us on X, formerly known as Twitter, at
@WisdomTreeNews.
WisdomTree® is the marketing name for WisdomTree, Inc. and its
subsidiaries worldwide.
PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY
LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT
AGENCY
The products and services available through the WisdomTree Prime
app are not endorsed, indemnified or guaranteed by any regulatory
agency.
WisdomTree Siegel Digital Funds – Important
Information
Carefully consider the investment objectives, risks, charges,
and expenses of the Digital Funds before investing. To obtain a
prospectus containing this and other important information, please
visit https://www.wisdomtree.com/investments. Read the prospectus
carefully before investing.
Professor Siegel does not have any day-to-day responsibility
with respect to any WisdomTree Siegel Digital Fund (each, a
“Digital Fund”). Each Digital Fund’s asset allocation is
constructed by the adviser, WisdomTree Digital Management, Inc.,
and implemented by a sub-adviser. In constructing each Digital
Fund’s asset allocation, in addition to leveraging the insights and
research of Professor Siegel, the adviser will leverage research
and asset allocation models constructed and maintained by
WisdomTree, Inc. or other affiliates of the adviser. Reference to
“blockchain enabled” is meant to reflect the fact that each Digital
Fund uses blockchain technology. The Digital Funds will not invest
in cryptocurrencies.
A blockchain is an open, distributed ledger that digitally
records transactions in a verifiable and immutable (i.e.,
permanent) way using cryptography. A distributed ledger is a
database in which data is stored in a decentralized manner.
Cryptography is a method of storing and transmitting data in a
particular form so that only those for whom it is intended can read
and process it. A blockchain stores transaction data in “blocks”
that are linked together to form a “chain”, and hence the name
blockchain.
There are risks associated with investing, including possible
loss of principal. Because each Digital Fund is new, it has no
performance history. Blockchain technology is a relatively new and
untested technology, with little regulation. Blockchain systems
could be vulnerable to fraud, particularly if a significant
minority of participants colluded to defraud the rest. Potential
risks also include vulnerability to theft, or inaccessibility, and
future regulatory developments could affect its viability. Each
Digital Fund’s investment performance and risks will be directly
related to the investment performance and risks of underlying
funds, which are ETFs that each Digital Fund invests in, such as:
the trading prices of equity securities fluctuate in response to a
variety of factors, such as economic, financial or political events
that impact the entire market, market segments, or specific
issuers. The types of equity securities in which an applicable
Digital Fund may provider relatively lower returns than those of
other securities. For the Global Equity Digital Fund, investments
in non-U.S. securities involve political, regulatory, and economic
risks that may not be present in U.S. securities. Fixed income
securities that an applicable Digital Fund may invest in via ETFs
are subject interest rate, credit, inflation, and reinvestment
risks. As interest rates rise, the value of fixed-income securities
fall. Each Digital Fund is actively managed using proprietary
investment strategies and processes. There can be no guarantee that
these strategies and processes will be successful or that a Digital
Fund will achieve its investment objective. In investing in
WisdomTree ETFs as part of each Digital Fund’s asset allocation
strategy, the adviser and sub-adviser are subject to potential
conflicts of interest, including an incentive to allocate
investments to the WisdomTree ETFs in order to generate additional
fees for themselves or their affiliate.
Cybersecurity attacks affecting a Digital Fund’s third-party
service providers, the mobile phone application used to transact in
Digital Fund shares, blockchain network, or the issuers of
securities in which the Digital Fund invests may subject the
Digital Fund to many of the same risks associated with direct
cybersecurity breaches.
WisdomTree Digital Funds are distributed by Foreside Fund
Services, LLC. Foreside is not affiliated with WisdomTree,
WisdomTree Prime, WisdomTree Digital Trust nor any entity mentioned
in the press release.
WisdomTree Prime – Important Information
Although WisdomTree Transfers, Inc., the Fund’s transfer agent,
will maintain the official record of share ownership in book-entry
form, the ownership of a Digital Fund’s shares will also be
recorded – or digitized – on the Stellar other blockchains. In
order to facilitate the use of blockchain technology, a potential
shareholder must have a blockchain wallet. WisdomTree Digital
Movement, Inc. (“WisdomTree Digital”, as further described below)
provides a hosted Stellar-based wallet through the mobile
application, WisdomTree Prime. Through the app, Digital Fund
investors may purchase, hold, sell or transfer their shares.
WisdomTree Securities, Inc., an affiliate of WisdomTree Transfers
and WisdomTree Digital, facilitates the ability for Digital Fund
investors on an “application-way” basis to purchase or sell Digital
Fund shares through the App. Brokerage commissions apply.
The information herein, including references to “curated” (which
refers to the limited types of assets available within the
WisdomTree Prime app), should not be relied on and is not a
substitute for the skill, judgment and experience of the user when
making investment and other business decisions. All Information is
impersonal and not tailored to the needs of any person, entity or
group of persons. None of the information constitutes an offer to
sell or a solicitation of an offer to buy, any security or other
asset, financial product or other investment vehicle or any trading
strategy.
Cautionary Statement Regarding Forward-Looking
Statements
This press release may contain a number of “forward-looking
statements” as defined in the Private Securities Litigation Reform
Act of 1995. These forward-looking statements include, but are not
limited to, statements about WisdomTree’s ability to achieve its
financial and business plans, goals and objectives, including with
respect to its ability to successfully implement its strategy
relating to digital assets and blockchain-based financial services,
including WisdomTree Prime™, and other risk factors discussed from
time to time in WisdomTree’s filings with the Securities and
Exchange Commission (“SEC”), including those factors discussed
under the caption “Risk Factors” in its most recent annual report
on Form 10-K, filed with the SEC on February 28, 2023, and in
subsequent reports filed with or furnished to the SEC. These
forward-looking statements are based on WisdomTree’s management’s
current expectations, estimates, projections and beliefs, as well
as a number of assumptions concerning future events. These
forward-looking statements are not guarantees of future
performance, conditions or results, and involve a number of known
and unknown risks, uncertainties, assumptions and other important
factors, many of which are outside WisdomTree’s management’s
control, that could cause actual results to differ materially from
the results discussed in the forward-looking statements.
Forward-looking statements included in this release speak only as
of the date of this release. WisdomTree does not undertake any
obligation to update its forward-looking statements to reflect
events or circumstances after the date of this release except as
may be required by the federal securities laws.
Category: Business Update
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version on businesswire.com: https://www.businesswire.com/news/home/20231207598306/en/
Media Relations WisdomTree, Inc. Jessica Zaloom +1.917.267.3735
jzaloom@wisdomtree.com / wisdomtree@fullyvested.com
Investor Relations WisdomTree, Inc. Jeremy Campbell
+1.646.522.2602 Jeremy.campbell@wisdomtree.com
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