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Investing

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

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By Douglas A. McIntyre Updated Published

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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

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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