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Products July 17, 2008
WisdomTree Middle East ETF Launched
July 17, 2008 (PLANSPONSOR.com) - WisdomTree
launched the WisdomTree Middle East Dividend Fund (Ticker
Symbol: GULF) on the Nasdaq Stock Market on
Wednesday.
Reported by Rebecca Moore
GULF is designed to provide broad exposure and tradable access to securities listed and traded in the Middle East. According to a press release, it provides investors with exposure to approximately 70 dividend-paying companies listed in Bahrain, Egypt, Jordan, Kuwait, Morocco, Oman, Qatar, and the United Arab Emirates.
The fund has an expense ratio of 0.88%.
“The growing economies of the Middle East region, while driven by increasing revenues from oil exports, are becoming more diversified. We estimate that equities trading in the Middle East region now make up nearly 2% of the world’s total market capitalization. Further, the equity returns in the Middle East have historically demonstrated a low correlation to the U.S., developed, and even Emerging Markets, and may be a source of portfolio diversification,” Bruce Lavine, WisdomTree President & COO, said in the release.
More information is at www.wisdomtree.com .