WisdomTree Investments is changing the investment strategy of two of its dividend-focused ETFs so that they exclude exposure to the Financials sector.
WisdomTree changing pair of dividend-focused ETFs to exclude Financial stocks.
U.S. investors have been told for years that they need to diversify away from the domestic market in case something bad happens here. Well, something bad has happened here, and being in international stocks hasn’t helped much. Year-to-date, the SPDR S&P 500 exchange-traded fund (NYSEArca: SPY) was down 32.64%, and for the 12 months ended Oct. 31, it was down 35.95%. That’s pretty bad. But international developed market ETFs are in even worse shape, down more than 40%.
Fundamentally weighted ETFs showed mixed performance in 2007.
| Exchange-Traded Funds Corner | |||||
| Largest New ETFs Sorted By Total Net Assets In $US Millions | |||||
| Covers funds launched from May 16, 2006 through May 15, 2007. | |||||
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Our monthly databank breaks down ETF returns for every market segment.