Posts for Ticker ‘DRF’

WisdomTree’s Shrinking ETF Portfolio (WSDT, DBT, DRF, DBR, DPN, DPC, DDI, DGG, DEB, EEZ, USY)

WisdomTree (Pink Sheets: WSDT) has become fairly well-known in the world of exchange traded funds.  But today is a sad day for ETF traders, and is just further evidence that there are some solid ETF strategies mixed with some really bad ETF strategies out there.  WisdomTree is shutting down 10 ETFs.  These will not destroy the company because it is said to be in the press release only 3% of the WisdomTree assets.  That does not keep this from being an added question mark, nor will it exactly be good PR for the next ETF that the firm wants to launch.
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ETF Winners & Losers (June 12, 2007)

DJIA                        13,295.01; -129.95 (0.97%)
S&P500                  1,493.00; -16.12 (1.07%)
NASDAQ                 2,549.77; -22.38 (0.87%)
10YR-Bond             5.248%; +0.111%
NYSE Volume          2,964,548,000
NASDAQ Volume    2,046,866,000

Obviously we have the "inverse index and UltraShort ETF’s" leading the day because of the more than 125 point drop in the DJIA today.  Regardless, there are some winners outside of the inverse funds.   And there is a whole slew of ETF losers.

WINNERS:
The top 22 ETF performers are short or ultra-short ETF’s, but here are the few and far between sectors that won on their own…..but most aren’t even real stock sectors….

United States Natural Gas                             (UNG) +1.05%
PowerShares DB G10 Currency Harvest     (DBV) +0.42%
PowerShares DB Agriculture                         (DBA) +0.41%
CurrencyShares British Pound Sterling Tr  (FXB) +0.29%
PowerShares DB US Dollar Index Bullish  (UUP) +0.20%

LOSERS:
SPDR S&P China                                             (GXC) (-2.17%)
Market Vectors Steel                                         (SLX) (-2.11%)
Market Vectors Gold Miners                             (GDX) (-2.09%)
Claymore/Zacks Yield Hog                              (CVY) (-2.08%)
WisdomTree International Financial             (DRF) (-2.05%)
iShares Dow Jones US Real Estate              (IYR)  (-2.03%)
iShares S&P Latin America 40 Index             (ILF) (-2.01%)
SPDR S&P Emerging Markets                        (GMM) (-1.97%)
WisdomTree Pacific ex-Japan Hi-Yld Eq       (DNH) (-1.94%)

Jon C. Ogg
June 12, 2007

Jon Ogg can be reached at jonogg@247wallst.com; he does not own securities in the companies he covers.