“Like many of WisdomTree’s funds, CCXE’s constituency is based on dividends, and the fund’s trailing 3.89% yield reflects that,” reports Roger Nusbaum for TheStreet.com.
Scrapping New Zealand, CCXE’s largest country weight, from the equation because the country is neither a major metals nor oil producer, investors will want to see how gyrations in the metals markets impact the ETF in the near- to medium-term.
Norway and Russia are CCXE’s explicit oil plays and ETFs tracking those nations have followed USO higher over the past month. Critical to CCXE’s fortunes is the ability of Australian, Canadian, Chilean and South African equities to respond to upside in base and precious metals. Those countries combine for 47% of the ETF’s weight.
WisdomTree Commodity Country Equity Fund
ETF Trends editorial team contributed to this article.