WisdomTree Launches Money Market ETF
ETFguide.com
May 6, 2009

SAN DIEGO (ETFguide.com) – WisdomTree Investments has launched the WisdomTree Dreyfus Emerging Currency Fund (NYSEArca: CEW).

The fund aims to provide exposure to money market rates across 11 Emerging Market countries along with movements in the currencies of these countries relative to the U.S. Dollar. Constituent currencies include: The Mexican Peso, Brazilian Real, Chilean Peso, South African Rand, Polish Zloty, Israeli Shekel, Turkish New Lira, Chinese Yuan, South Korean Won, Taiwanese Dollar, and Indian Rupee.

WisdomTree currently offers a total of 50 ETFs that cover various asset classes from equities to fixed income. At the end of April, the New York, NY-based firm had $3.14 billion of assets under management.

In related news, the Grail American Beacon Large Cap Value ETF (NYSEArca: GVT) was introduced this week. The fund is actively managed and it invests in large company stocks. The top three holdings inside GVT are JP Morgan Chase & Co. (1.56%), Chevron (1.44%), and ConocoPhillips (1.43%). There's roughly 150 stocks currently within the fund's portfolio.  

The large cap stocks within GVT’s portfolio generally reflect below average P/E ratios, below average price-to-book value ratios and above average dividend yields. The fund’s management team compares these financial metrics to stocks within the Russell 1000 Index, a popular measure of large company stocks.

GVT is sponsored by San Francisco, CA-based Grail Advisors and the fund’s annual expense ratio is 0.79%. Grail is planning to launch a series of active ETFs. GVT is sub-advised by Brandywine Global Management, Hotchkis and Wiley Capital Management, and Metropolitan West Capital Management.