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WisdomTree higher following Abe's victory

Jul. 11, 2016 12:50 PM ETWisdomTree, Inc. (WT) StockWT, DXJBy: Stephen Alpher, SA News Editor2 Comments
  • WisdomTree (WETF +5.2%) gets a respite in what's been a very tough year after a landslide victory for Japan's LDP overnight guarantees another shot of Abenomics. The election result sent the Nikkei soaring by 4% and the yen tumbling by more than 2% vs. the dollar.
  • A falling yen is good news for WisdomTree thanks to its Japan hedged equity fund (DXJ +5.1%).

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