WisdomTree Investments is throwing its hat into the ETF ring. According to MarketWatch, the New York company has gone public and hinted it has grandiose plans
to muscle into the more than $300 billion U.S. ETF business, but until
now had yet to file any funds.
WisdomTree has assembled an impressive team including former hedge fund
manager Michael Steinhardt and Wharton finance professor Jeremy Siegel,
who are both among its directors. Several executives who helped build the ETF juggernaut at Barclays
Global Investors have also joined WisdomTree.
chasing the dividend trend. Six of the registered funds are slated to invest in income-producing
U.S. stocks, including mid- and small-caps. The remaining 14 will track
international indexes targeting companies with high dividend yields in
regions such as Europe and Japan, according to the filing.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.