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Thursday, April 14, 2011

WisdomTree Changes Up its Lineup

Reported by Hung Tran

WisdomTree today said that it will change the investment objectives, strategies and fund names for eight ETFs.

Effective June 17, the WisdomTree International Real Estate Fund will be known as the WisdomTree Global ex-US Real Estate Fund employing a broader, global real estate exposure with addition of emerging markets. The WisdomTree Dreyfus New Zealand Dollar Fund will be dubbed the WisdomTree Dreyfus Australia & New Zealand Debt Fund to provide exposure to Australia & New Zealand debt denominated in their respective currencies. The WisdomTree International Real Estate Fund will be called the WisdomTree Global ex-US Real Estate Fund and have a broader, global real estate exposure with addition of emerging markets. The WisdomTree International Utilities Sector Fund is being changed to the WisdomTree Global ex-US Utility Fund and will sport a broader, global utilities exposure with addition of emerging markets.

Also, the WisdomTree International Basic Materials Sector Fund is renamed the WisdomTree Commodity Country Equity Fund with a more diversified commodity-focused equity strategy and emerging markets exposure. The WisdomTree International Energy Sector Fund is renamed as the WisdomTree Global Natural Resources Fund with more diversified energy/natural resources-focused equity strategy and emerging markets exposure. The WisdomTree Pacific ex-Japan Total Dividend Fund will be dubbed the WisdomTree Asia Pacific ex- Japan Fund with an expanded portfolio to become a broader Asia-Pacific regional strategy.

And the WisdomTree Pacific ex-Japan Equity Income Fund will be renamed the WisdomTree Australia Dividend Fund with an expanded majority Australia portfolio weight to a pure Australia dividend strategy. As well, the WisdomTree World ex-US Growth Fund is being renamed the WisdomTree Global ex-US Growth Fund with no change in its strategy.  

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