It's been a busy week for
WisdomTree Investments. The Manhattan-based fundamental indexer hired a new sales guru and prepared to launch 10 new exchange-traded funds. In a
release issued Monday, WisdomTree Investments named Andrew T. Malloy its new director of institutional ETF sales.
Malloy previously worked for
Bear Stearns & Co.,
Kidder Peabody & Co.,
Oppenheimer & Co. Inc. and
TAG Associates Ltd.. WisdomTree CEO
Jonathan Steinberg praised the new hire.
"Andy's experience in alternative investments and wealth management afford him exceptional relationships with and a keen understanding of the needs of the hedge fund and family office marketplace," Steinberg stated. "We are thrilled to have him on our team."
Then on Thursday, WisdomTree
announced filing with the SEC to launch ten new ETFs. The international sector funds will be, WisdomTree claims, "the first ETFs to offer pure international sector exposure", instead of mixing domestic securities in with international ones. The funds will all have expenses of 58 basis points.
The new international sector ETFs are: the
WisdomTree International Basic Materials Sector Fund, the
WisdomTree International Communications Sector Fund, the
WisdomTree International Consumer Cyclical Sector Fund, the
WisdomTree International Consumer Non-Cyclical Sector Fund, the
WisdomTree International Energy Sector Fund, the
WisdomTree International Financial Sector Fund, the
WisdomTree International Health Care Sector Fund, the
WisdomTree International Industrial Sector Fund, the
WisdomTree International Technology Sector Fund and the
WisdomTree International Utilities Sector Fund. 
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