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Friday, July 28, 2006|
New Salesman and Sector ETFs at WisdomTree
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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