WisdomTree to Close 10 ETFs
NEW YORK, NY, January 29, 2010 -- WisdomTree (Pink Sheets: WSDT), a leading ETF sponsor and index developer with approximately $6 billion in ETF assets under management, announced today it plans to close 10 of its ETFs. The designated funds represent approximately 3% of WisdomTree’s ETF assets.
“We have no plans to make any further closures and are fully committed to maintaining and developing an innovative product line, including the introduction of new funds in the coming months.”
“We proposed the closure of 10 ETFs in order to create capacity for future growth initiatives, and because we believe it is in the best interest of our customers and shareholders to dedicate our resources to areas of greater client interest,” said WisdomTree CEO Jonathan Steinberg. “We have no plans to make any further closures and are fully committed to maintaining and developing an innovative product line, including the introduction of new funds in the coming months.”
The Board of Directors of the WisdomTree Trust approved the closures on January 28, 2010. The final day of trading on the NYSE Arca will be Wednesday, March 24, 2010. Shareholders who do not sell their Fund shares by this date will have their shares automatically redeemed on March 29, 2010, the Funds’ last day of operations. Additional information, including an Investor FAQ document, is available at www.wisdomtree.com.
The 10 closing funds are as follows:
WisdomTree International Technology Sector Fund - DBT
WisdomTree International Financial Sector Fund - DRF
WisdomTree International Health Care Sector Fund - DBR
WisdomTree International Consumer Staples Sector Fund - DPN
WisdomTree International Consumer Discretionary Sector Fund - DPC
WisdomTree International Industrial Sector Fund - DDI
WisdomTree International Communications Sector Fund - DGG
WisdomTree Europe Total Dividend Fund - DEB
WisdomTree Earnings Top 100 Fund - EEZ
WisdomTree U.S. Short Term Government Income Fund - USY
About WisdomTree
WisdomTree® is a leading ETF sponsor and innovative index developer using its own fundamentally weighted index methodology. WisdomTree also licenses its indexes to third parties for proprietary products and offers a platform to promote the use of WisdomTree ETFs in 401k plans. Approximately $6.7 billion in assets currently are managed by WisdomTree or are managed against WisdomTree Indexes by third parties under license from WisdomTree. For more information, please visit www.wisdomtree.com. WisdomTree is the marketing name for WisdomTree Investments, Inc. and its wholly owned subsidiaries WisdomTree Asset Management, Inc. and WisdomTree Retirement Services, Inc.
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