Barron's 2007 Analyst Roundtable, Part II [View article]
Even if Bill Gross is right on the dollar, his ETF pick doesn't make sense, as EFA is a large cap ETF dominated by multinationals, many of which have a significant proportion of their revenues from the US and would therefore be hit by a weaker dollar (or at least not gain one-for-one with a falling dollar).
Surely a much better choice for him would have been the WisdomTree International SmallCap Dividend ETF (DLS) or the WisdomTree Europe SmallCap Dividend ETF (DFE). More info in the Q&A with the WisdomTree product manager.
Barron's 2007 Analyst Roundtable, Part II [View article]
Surely a much better choice for him would have been the WisdomTree International SmallCap Dividend ETF (DLS) or the WisdomTree Europe SmallCap Dividend ETF (DFE). More info in the Q&A with the WisdomTree product manager.