Boston, MA 10/03/2013 (wallstreetpr) – In the last two weeks of trading WisdomTree Investments, Inc. (NASDAQ:WETF) has seen an 11% appreciation in its value. This is on the back of the investment house launching a new fund targeted to derive profits from the much storied “Emerging Markets Consumer”. It has launched WisdomTree’s Emerging Markets Consumer Growth Fund (EMCG). It has pegged the expense ratio at 0.63% for this fund.
WisdomTree is keen to take an alternate approach of return on equity unlike other bigger emerging markets oriented funds which are riding piggy back on the growth momentum being scripted by some of the large public sector undertakings in these emerging markets. WEFT is betting on investing into relatively smaller companies which are growing at a phenomenal pace in these emerging markets. It is also making a conscious attempt to stay away from investing in energy and materials companies in order to avoid the cyclical up and downs in their pricing at the international markets. The new fund has a bucket of 250 chosen stock of which 150 are represented by consumer staples business.
Irrespective of the investment route the new fund from WisdomTree opts to take, it will have to compete head on with block buster performing funds like Emerging Global Advisors’ Emerging Markets Consumer ETF which has provided its investors an annualized yield of close to 10%.
The firm has a market cap of 41.53 billion with annual sales of $111.9 million over previous 12 months trailing period. It has notched up $29.9 million in annual income. Its quarter on quarter sales has gone up by 82%. Its earnings per share in the recently concluded quarter in August recorded an outstanding 9300% increase in its earnings per share over its previous quarter.
As of close of business on October 2, the stock was trading at $12.15 per share.
