Fundsters following the actively-managed ETF business may want to
take a look at WisdomTree's [see profile] newest offering. Today the New
York-based firm revealed the launch of its WisdomTree Asia Local
Debt fund, sub-advised by Mellon [see filing].
The ETF comes with an expense ratio of 55 basis points. David
Kwan and Lisa Mears O'Connor, both managing
directors at Mellon Capital, PM the fund. ALPS handles
Company Press Release
NEW YORK, Mar 17, 2011
--ALD Provides One-trade Exposure to Income from the World's
Fastest Growing Region(1)
WisdomTree, an exchange-traded fund ("ETF") sponsor and asset
manager, announced today the launch of the WisdomTree Asia Local
Debt Fund (ALD). ALD is designed to provide exposure to Asian debt
denominated in local currencies, excluding Japan, and has an
expense ratio of 0.55%. The Fund currently has $145 million in
assets. ALD is an actively managed ETF.
"We are excited to launch the Industry's first Asia Local Debt ETF and
believe the capital surpluses and strong growth and yield potential of
the Asian economies make for an attractive fixed income offering,"
said Bruce Lavine, WisdomTree President & COO. "We are also
pleased to expand our foreign fixed income product set, following the
successful launch of the WisdomTree Emerging Market Local Debt
Fund (ELD) which has more than $668 million in assets under
management since launching in August of 2010."
(1)Source: International Monetary Fund, World Economic Outlook
2010 (Percentage of World GDP as defined in current US dollars)
There are risks associated with investing including possible loss of
principal. Foreign investing involves special risks, such as risk of loss
from currency fluctuation or political or economic uncertainty.
Investments in emerging, offshore or frontier markets are generally
less liquid and less efficient than developed markets and are subject
to additional risks, such as of adverse governmental regulation and
intervention or political developments. Derivative investment risk can
be volatile and may be less liquid than other securities and more
sensitive to the effects of varied economic conditions.
Fixed income investments are subject to interest rate risk; their
value will normally decline as interest rates rise. In addition when
interest rates fall income may decline. Fixed income investments are
also subject to credit risk, the risk that the issuer of a bond will fail to
pay interest and principal in a timely manner, or that negative
perceptions of the issuers ability to make such payments will cause
the price of that bond to decline. Unlike typical exchange-traded
funds, there is no index that the Fund attempts to track or replicate.
Thus, the ability of the Fund to achieve its objective will depend on
the effectiveness of the portfolio manager. Please read the Fund's
prospectus for specific details regarding the Fund's risk profile.
Ordinary brokerage commissions apply.
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
WisdomTree(R) is a New York-based exchange-traded fund ("ETF")
sponsor and asset manager. WisdomTree currently offers 46 ETFs
across Equities, Currency Income, Fixed Income and Alternatives
asset classes. 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. WisdomTree currently has
approximately $10.1 billion in ETF assets under management. For
more information, please visit www.wisdomtree.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
WisdomTree Funds are distributed by ALPS Distributors, Inc. Bruce
Lavine is a registered representative of ALPS Distributors, Inc.
Media Contact: Stuart Bell WisdomTree Investments, Inc. (917)
267-3702 firstname.lastname@example.org or WisdomTree Investor Relations
Contacts: KCSA Strategic Communications Jeffrey Goldberger / Todd
Fromer +1 (212) 896-1249 / +1 (212) 896-1215
email@example.com / firstname.lastname@example.org
Copyright Business Wire 2011