This is the first in a series of Seeking Alpha interviews with prominent individuals in the investment world. These, however, are interviews with a twist: the individual has agreed to answer questions and respond to comments not from a single interviewer, but rather from our community of readers and contributors.
This first interview is with Luciano Siracusano, Director of Research for ETF firm WisdomTree Asset Management, which has sponsored the interview. It works like this:
- Luciano briefly introduces himself and the issues he's focused on below.
- Readers and contributors can immediately start to post questions and remarks using the comment box below (Note: you need to sign up for free registration and be logged in to do so).
- Seeking Alpha editors will not filter or edit the questions and comments from readers, except to delete insulting or overly aggressive language.
- Luciano has agreed to respond to the questions and remarks for two days, and will begin posting answers to readers' questions on Thursday, December 14th. Readers can track his answers and respond to them on Thursday and Friday.
- Readers can respond to his responses during that time.
I'm Luciano Siracusano, Director of Research at WisdomTree Asset Management and a registered representative of ALPS Distributors, Inc.
Thanks to Seeking Alpha for providing this opportunity to chat directly with the ETF investment community. At WisdomTree, we developed the first family of fundamentally weighted indexes and ETFs and now offer 30 fundamentally weighted ETFs that in our view can provide investors access to the dividend stream around the world with precision.
Our initial product launch of 20 ETFs in June included the first international smallcap ETFs listed in the US and the first family of ETFs that track indexes comprised of high-yielding international equity securities. In October, we announced the addition of 10 international sector ETFs, with each ETF to focus on a specific industry sector tracking an underlying index consisting of only international equity securities, so we're the first ETF family to offer pure international sector exposure. You can view a complete list of all of our ETFs here.
WisdomTree Investments (WSDT) has some distinguished people involved, including hedge fund pioneer Michael Steinhardt (a Board member) and Wharton Professor Jeremy J. Siegel (our Senior Investment Strategy Advisor). Last month we announced that WisdomTree ETFs now has over a billion dollars under management.
I'm happy to discuss a range of topics with Seeking Alpha's readers, including: fundamentally weighted versus market cap weighted indexes, the rationale for dividend based ETFs, international investing with ETFs, and ETFs generally. Please leave your questions by using the comment box below.
Because of the strict regulation of mutual funds and ETFs, legal issues are important. Thus: Investors should consider the investment objectives, risks, charges and expenses of the funds carefully before investing. A prospectus describing the funds, containing this and other information, is available by calling 1-866-909-WISE (9473) or visiting our website at wisdomtree.com. Investors should read each fund’s prospectus carefully before investing. There are risks associated with investing including the possible loss of principal. Past performance does not guarantee future results.
In addition to the normal risks associated with investing, foreign investing involves special risks, such as risk of loss from currency fluctuation or political or economic uncertainty. Funds focusing on a single country and funds that emphasize investments in smaller companies generally experience greater price volatility. Transactions in fund shares will result in brokerage commissions and will generate tax consequences.
The performance of WisdomTree Indexes prior to June 1, 2006 is based on a back test, i.e. calculations of how an index might have performed in the past had it existed. Hypothetical back tested performance has inherent limitations and is not indicative of future results. Index performance data assumes reinvestments of dividends and does not reflect management fees, transaction costs or other expenses. You cannot invest directly in an index.
This Q&A represents the opinion of WisdomTree and is not intended to be a forecast of future events, a guarantee of future results nor investment advice. It should not be deemed an offer or sale of any investment product and it should not be relied on as such. The user of this information assumes the entire risk of any use made of the information provided herein. This information is not to be otherwise used or distributed. None of WisdomTree Investments, WisdomTree Asset Management or the WisdomTree ETFs, nor any other party involved in making or compiling any information in general makes an express or implied warranty or representation with respect to information in this informational Q&A.
The WisdomTree ETFs are registered for sale in the United States only and are not intended for use by non-US investors.
WisdomTree Funds are distributed by ALPS Distributors, Inc.
© 2006 WisdomTree Investments, Inc. "WisdomTree" is a service mark of WisdomTree Investments, Inc. WisdomTree Investments, Inc. has a patent pending on the methodology and operation of its indexes.
Yahoo! Finance readers can leave questions and view Luciano's answers by viewing the original article on Seeking Alpha.