WisdomTree India Earnings Index ETF (EPI)

All Comments on EPI

  • commenter
    David
    Jackson
    May 19 05:00 PM
    My Website
    Single Country Asia ETFs, ETNs and Closed-End Funds [view article]
    Thanks ETFlover -- we've added in the Thailand ETF.

    We've also added the new China NETS ETF from Northern Trust. There's an article comparing it to the other China ETFs here:

    seekingalpha.com/artic...     Reply
  • commenter
    etflover
    May 17 10:22 PM
    Single Country Asia ETFs, ETNs and Closed-End Funds [view article]
    iShares MSCI Thailand Index Fund THD should be in Thailand Section. Reply
  • commenter
    samiam
    May 17 11:06 AM
    Where Are India’s Innovative Companies, Products and Solutions? [view article]
    Mr.Fidelman hit the nail right on the head. Present day India is lacking infrastructure of every kind, not the innovators. In my opinion overall there are only two countries where innovations took place in this world, India in the east (where man truly became civilized) from ancient times till about 800 years ago, and Germany in the west, in modern times. Every one else copied from these two innovating countries, and interestingly neither country gets the credit. Since Muslims started invading India and then the British, it went downhill, from a wealthiest nation to the poorest one. British left the country with poverty and under development, they only cared about taking as much wealth from India to Britain as soon as possible.
    Hindu majority is ruling all of democratic India again, this has not happened since 800-1000 years. India is on the rise again. As soon as the infrastructure is in place, world will once again benefit from Indian inventions. World needs to solve energy and health problems; Cancer needs to be wiped out. Although Indian government is improving at the top ranks, there still exists a great amount of British left bureaucratic legacy thinking, it will take major shift in thinking to change this bad habit. Perhaps US or US companies could set up a prize fund in India, it will attract great minds and the world will benefit ultimately.
    Reply
  • commenter
    Asif
    May 16 03:05 PM
    My Website
    Wisdom Tree Puts Forth New ETF Shoots, But Shows Some Earnings Blight [view article]
    Thanks Ric. Now I no longer have to depend on their press releases to get AUM information. Reply
  • commenter
    Ric
    May 16 03:02 PM
    Wisdom Tree Puts Forth New ETF Shoots, But Shows Some Earnings Blight [view article]
    Asif, If you go to their website and click on ETF they update their AUM daily. The last one is 4.86. Reply
  • commenter
    Asif
    May 16 01:32 PM
    My Website
    Wisdom Tree Puts Forth New ETF Shoots, But Shows Some Earnings Blight [view article]
    Ric, since operating loss included over $3 million in stock-based compensation, you are right that actual cash burn is around $5 to $6 million and even if AUM stays the same, they should have 7 to 8 quarters provided expenses do not increase (highly unlikely).

    Tim, my table was based entirely on the numbers reported in WisdomTree press releases as I have not been able to find an alternate way to find their AUM. The gap from May 2007 to Jan 2008 was on account of the fact that I did not find AUM information in press releases during that time period.

    Ric, where did you find the $4.9 billion AUM number from yesterday.     Reply
  • commenter
    Mahi
    May 16 01:14 PM
    My Website
    Where Are India’s Innovative Companies, Products and Solutions? [view article]
    I agree to most of the analysis, but I skeptical about amount the role IP protection can play in this scenario. But one thing thats plays a major role is retaining the right talent. A innovative technology company in the making can never recover from the continuous exodus of talent for whatever reason it might happen. And I see this as bigger challenge than corruption. Reply
  • commenter
    Ric
    May 16 12:14 PM
    Wisdom Tree Puts Forth New ETF Shoots, But Shows Some Earnings Blight [view article]
    I think the AUM growth is highly dynamic which not only depends on actual "units" sold but also whether the market is up or down. Clearly their early "growth" was the market going up. Notice that their AUM is close to 4.9 billion (as of yesterday). The foreign currency ETFs may have something to do with it but the market has also gone up? It would be nice if one were able to calculate the net ETF units bought by investors. Reply
  • commenter
    Tim Eriksen
    May 16 10:45 AM
    My Website
    Wisdom Tree Puts Forth New ETF Shoots, But Shows Some Earnings Blight [view article]
    I came to essentially the same conclusion on burn rate.

    Asif your chart makes it look like growth has just slowed. By having nearly a year long gap it misses that AUM peaked last fall and then fell for a while while the markets tumbled. The volatility of growth makes it hard to estimate what future rate of AUM growth to use in a model. I still don't see cash break even until about $11 billion and profitability until about $15 billion.     Reply
  • commenter
    Mukul.Singha
    l
    May 16 08:21 AM
    Where Are India’s Innovative Companies, Products and Solutions? [view article]
    Mark - I don't agree a lot of it and doesn't believe that number of patents is an indicator of Innovation. The term and concept "Innovation" can be different in different countries. "BlueLine Online" - an Innovation in United States might not be an innovation in India. Or might not be relevant in India at this point of time. I don't think it's lack of Venture Capital or Government Support. At lot of places market is not present in business models, which are proven in United States. Let me put some of the Innovation in India and some of these are almost irrelevant in US.

    1.) SKS Microfinance - Microfinance business to lend amount as small as $100 to Individuals. AND MAKING MONEY - lot of VC money has gone into such companies. No bank in United States can work at such low levels of credit.

    2.) Oxigen - It's a chain of kiosks and retail stores which are used to collect cash from individuals and deliver services like Bus Tickets, Train Tickets, Utility Bills etc - India is a cash economy and internet penetration is less. It's an innovation in Business Model and Microsoft has invested in it.

    3.) mChek/Paymate - You can pay your utility bills, transfer money, top up pre paid card using mobile on a SMS. India has low GPRS connectivity and people love SMS. Totally irrelevant for US

    And there are many more which can't be thought by western thinkers. Does it mean that West lacks innovation? I suppose not. My small message is that Innovation is depended on user needs. And there are challenges I agree. India is very young on Angel Investing/ Venture Capital etc etc. But definition of innovation is different in Indian contest.

    Regards,
    Mukul Singhal
    Canaan Partners
     Reply
  • commenter
    sinha
    May 15 11:42 PM
    My Website
    Where Are India’s Innovative Companies, Products and Solutions? [view article]
    Well, your stats regarding patents is slighly outdated - the number has grown by 8X (www.pluggd.in/2008/04/...)

    Interesting products are happening out of india (e.g. Zoho), just that they aren't big in number and don't have a global appeal (probably it's not even needed at this stage)     Reply
  • commenter
    Susan Sharma
    May 15 10:36 PM
    My Website
    Where Are India’s Innovative Companies, Products and Solutions? [view article]
    To make India grow in an inclusive fashion, we need more social entrepreneurs - firms engaged in sustainable social activity. These firms need not have a superlative growth pattern ( which is what VCs look for) but a balanced growth with more emphasis on the job satisfaction quotient.
    We need to develop a model where donations are not the way forward, as it seems to be globally, for any social activity. It will be great to hear the author's comment on this.     Reply
  • commenter
    Ric
    May 15 08:21 PM
    Wisdom Tree Puts Forth New ETF Shoots, But Shows Some Earnings Blight [view article]
    In reading the Q1 report it appears that they have a total of 41million in cash and investments. Their cash "burn rate" was about 5 million. Wouldn't that leave them w/ about 8 quarters befor having to go back to the market? Is my interpretation correct? Reply
  • commenter
    Bhamy V
    Shenoy
    May 15 10:46 AM
    Where Are India’s Innovative Companies, Products and Solutions? [view article]
    Mark Fidelman has done an excellent job in terms of identifying the critical factors affecting India's development. However his recommendation based on western centric assumption of I Prize Innovation Foundation will not work. I am surprised that having stated at the beginning that India should have its own unique way of solving its problems, he goes to recommend western strategies.

    The biggest problem in my view is the non-functioing governance system because of indifference educated people who having been educated at the expense of the poor of India have either immigrated geographically like Jason whom Mark gives as an example as an innovator or those resdient Indians who have immigrated psychologically by being indifferent to Indians realities.

    Just look at number of patents of NRIs (about 45000) is more than by RIs which is about 35000. This can be used to explain the absence of innovation ecosystem and also to explain how India lost so much wealth beacsue of the brain drain.

    When robber barons like Rockefeller, Carnegie were alive, they werebusy in establishing and operating huge fchaitable oundations which contributed significantly. What have our IT sector rich enterpreurs quoted by Mark done for India? Yes they have established some charitable NGOs. But their contribtion is only at micro level and not attempted to bring about any significant policy changes which is badly required for the government to function.

    How was the revolution in communication in India which has connected millions of people? How did the cable TV net work develop in such a short time serving more than 60% of the market? How did airline industry flourish in India? How did we start getting several brands of cars (now the world famous Tata Nano) when we had to choose from just three in 80s? This was because of liberliaztion of economy brought about by policy changes. What we need is major policy changes for the invisible hand of the selfish interests of people to function for the needed innovations to take place to solve India's problems. Incidentally we should not aim for the "so called development of western countries" and we should have Indian development pardign based on our own culture of "simple living and high thinking". This is the point which has been either ignored or rejected by Mark. We should try to minimize the use of energy while meeting our minimum needs unlike the west who want to maximize the use of energy to meet the ever increasing demands based on higher GNP.

    Reply
  • commenter
    Sameer
    May 15 12:32 AM
    My Website
    Where Are India’s Innovative Companies, Products and Solutions? [view article]
    Good detailed thoughts on what could drive innovation in india!
    However, one must highlight the fact that the article essentially measures innovation in a certain way, and ignores a lot of less formal, grassroots level innovation that happens a lot in India. A lot of people are either unaware of, or not keen on patenting.

    A few examples of work in various sectors some patented, some not - the Nano, the Rainwater Club, www.wondergrass.in/, various guys making solar power affordable. True, these are largely small scale, individual efforts and not all have achieved scale. That could surely be helped by some of the tips you suggest.

    Merely wanted to try and balance things a bit :)     Reply
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