WisdomTree launched a new exchange traded fund (ETF) today, International Real Estate Fund (DRW), on the American Stock Exchange. DRW tracks the WisdomTree International Real Estate Index. The press release states the index measures performance within developed markets outside of the U.S. and Canada that pay regular cash dividends on shares of common stock. Companies included in the index must be part of one of sixteen developed-market European countries, Japan, Hong Kong, Singapore, Australia or New Zealand, and must be listed on a major exchange in one of those countries. Holdings consist of real estate operating companies, real estate development, diversified REITs, and companies classified as Passive Foreign Investment Companies (PFICs).