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

247wallst — Fri, 29 Jan 2010 17:04:32 +0000

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.
The closures are as follows:
WisdomTree International Technology Sector Fund (NYSE: DBT)
WisdomTree International Financial Sector Fund (NYSE: DRF)
WisdomTree International Health Care Sector Fund (NYSE: DBR)
WisdomTree International Consumer Staples Sector Fund (NYSE: DPN)
WisdomTree International Consumer Discretionary Sector Fund (NYSE: DPC)
WisdomTree International Industrial Sector Fund (NYSE: DDI)
WisdomTree International Communications Sector Fund (NYSE: DGG)
WisdomTree Europe Total Dividend Fund (NYSE: DEB)
WisdomTree Earnings Top 100 Fund (NYSE: EEZ)
WisdomTree U.S. Short Term Government Income Fund (NYSE: USY)

While the company said it has no other closures planned, this only highlights the notion that the more esoteric and the more illiquid an ETF is that it risks having the same half-life equal to marriages of movie stars. Approximately $6.7 billion in assets are managed by WisdomTree or are managed against WisdomTree Indexes by third parties under license from WisdomTree.

We traditionally look as the yardstick of success being the total shares per day being 50,000 shares. Some of these ETFs being closed have an average daily volume of under 10,000 shares.

JON C. OGG

Filed under: ADR, Emerging Markets, ETF, Mutual Funds Tagged: DBR, DBT, DDI, DEB, DGG, DPC, DPN, DRF, EEZ, USY, WSDT

ETF Winners & Losers (June 12, 2007)

247wallst — Tue, 12 Jun 2007 15:22:51 +0000

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.

24/7 Wall St. » DRF

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

ETF Winners & Losers (June 12, 2007)