Dashboard for the Leading Network of Stock Market and Personal Finance Blogs

Visit Seeking Alpha

Wisdom Tree Puts Forth New ETF Shoots, But Shows Some Earnings Blight

Posted on May 15, 2008

ETF provider WisdomTree (WSDT.PK) and Dreyfus Corporation announced the launch of four currency income ETFs yesterday based on the Chinese Yuan (CYB), Indian Rupee (ICN), Brazilian Real (BZF) and the Euro (EU), with a Japanese (JYF)one in the pipeline. Investing in these funds would be similar toinvesting in money market funds in these countries. As discussed in therecent Fortune article titled Is Your Money Fund Safe?,most money market funds maintain a constant share price like $1 and thefirms running these funds go to great lengths to ensure that the shareprice does not drop. Unlike money m...

Original article link


earnings , etf , etfs , pipeline