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duncanshume
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Moved to Canada in 1977 shortly after completing a degree in Math and Physics in the UK. Worked in various management capacities to improve the efficiency of production in the supply of equipment to the power generation and then the pulp and paper processing industries. Now semi-retired and a... More
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  • Wisdom Tree's Weak Financial Position

    Being a resident of Vancouver I am used to reading financial statements from companies whose primary function is to transfer funds from investors into management pockets. I am astonished to find that Wisdom Tree is basically playing the same game.

    How is it that financial advisors can recommend funds that are being administered by a company that is carrying forward a retained negative earnings ~$140m? I became aware of this as I was considering an investment in one of the Wisdom Tree ETFs, but when I see the sad financial state of the management company, which seems to be entirely related to overcompensation, I do not feel comfortable entrusting my money to their management. How can these funds be recommended by any financial advisor?

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Tags: WETF, ETF
    Aug 23 1:57 AM | Link | Comment!
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