|Bid||4.2700 x 4000|
|Ask||4.4000 x 1800|
|Day's Range||3.7900 - 4.3300|
|52 Week Range||1.8700 - 5.6500|
|Beta (5Y Monthly)||1.99|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct. 23, 2020 - Oct. 27, 2020|
|Forward Dividend & Yield||0.12 (3.14%)|
|Ex-Dividend Date||Aug. 11, 2020|
|1y Target Est||3.73|
New and exclusive index offers better protections for investors against negative oil pricesNEW YORK, Aug. 04, 2020 (GLOBE NEWSWIRE) -- WisdomTree, an exchange traded fund ("ETF") and exchange traded product ("ETP") sponsor, has today announced a change to the underlying index tracked by WisdomTree WTI Crude Oil ETC (CRUD), following a vote by security holders. The index change was completed on August 4, 2020 and is exclusive to WisdomTree. The new index, the Bloomberg WTI Crude Oil Multi-Tenor Excess Return Index, is the result of extensive work between WisdomTree and Bloomberg to create an index which would be resilient to extreme conditions in the WTI Crude Oil market. The index aims to track the performance of an equal-weight basket of three WTI Crude Oil future contracts and is rebalanced monthly.Alexis Marinof, Head of Europe, WisdomTree, said: “CRUD is the largest and most liquid oil ETC in Europe, and WisdomTree is committed to ensuring that it provides the best oil investment experience in the industry. We have just endured a period of unprecedented market volatility with markets exhibiting new types of disruptions that were never before seen, including the appearance of negative prices in WTI contracts.”By moving CRUD to an index that spreads risk among three WTI contracts, WisdomTree is aiming to provide investors with greater future protection from the type of extreme conditions we have seen this year. In particular, the new index was designed by WisdomTree to offer greater resiliency with respect to negative or zero prices as well as enhanced liquidity for CRUD in these scenarios.The approach continues to maintain exposure and performance that is towards the front of the futures curve, which should allow investors to continue to use CRUD both strategically and tactically. The new index has also shown historically reduced performance drag when oil is in contango, which can be a concern for investors.Alexis Marinof added: “We have listened to investor feedback, working tirelessly with our partners to ensure CRUD is more robust than ever. We will continue to look at enhancing our product suite ensuring we offer the most comprehensive and robust range of energy ETCs for investors.”While WisdomTree’s WTI Crude Oil ETCs did not face the prospect of having to replicate a negative price as they were tracking slightly further-dated futures contracts, the unprecedented events of April 2020 highlighted that it is possible for futures contracts to trade at a negative price. The changes made will mitigate the risk of the index going negative.The new index has a price floor at zero and, unlike other indices tracked by oil ETCs, cannot go negative. For the new index to reach the zero floor, the average price of the three futures contracts would need to drop below zero compared to only one futures contract with the previous index. With exposure to WTI Crude Oil diversified across multiple contracts instead of only one, CRUD will also benefit from improved liquidity and reduce the concentration in a given futures contract.Jarrett Lilien, President and COO, WisdomTree, concluded: “We have just experienced one of the most challenging market environments ever. Our team managed through it, and we remained true to our heritage, using it as an opportunity to innovate. The result is a best in class product designed to endure extreme market conditions, helping investors navigate the financial markets.” WisdomTree is the leader in European energy ETCs1, with a 70% market share represented by $2.4bn in Assets under Management. For further information, please contact: Arran Fano, PR and Communications, +44 20 7448 4336 / AFano@WisdomTree.com Jessica Zaloom, Head of Corporate Communications and Public Relations, +1 917 267 3735 / JZaloom@wisdomtree.comAbout WisdomTreeWisdomTree Investments, Inc., through its subsidiaries in the U.S. and Europe (collectively, “WisdomTree”), is an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager headquartered in New York. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. WisdomTree currently has approximately $61.1 billion in assets under management globally. For more information, please visit www.wisdomtree.com.WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.Important InformationCommunications issued in the European Economic Area (“EEA”): This document has been issued and approved by WisdomTree Ireland Limited, which is authorised and regulated by the Central Bank of Ireland.Communications issued in jurisdictions outside of the EEA: This document has been issued and approved by WisdomTree UK Limited, which is authorised and regulated by the United Kingdom Financial Conduct Authority.WisdomTree Ireland Limited and WisdomTree UK Limited are each referred to as “WisdomTree” (as applicable). Our Conflicts of Interest Policy and Inventory are available on request.For professional clients only. Past performance is not a reliable indicator of future performance. Any historical performance included in this document may be based on back testing. Back testing is the process of evaluating an investment strategy by applying it to historical data to simulate what the performance of such strategy would have been. Back tested performance is purely hypothetical and is provided in this document solely for informational purposes. Back tested data does not represent actual performance and should not be interpreted as an indication of actual or future performance. The value of any investment may be affected by exchange rate movements. Any decision to invest should be based on the information contained in the appropriate prospectus and after seeking independent investment, tax and legal advice. These products may not be available in your market or suitable for you. The content of this document does not constitute investment advice nor an offer for sale nor a solicitation of an offer to buy any product or make any investment. _________________________ 1By AuM, as of July 29, 2020 An investment in ETPs is dependent on the performance of the underlying index, less costs, but it is not expected to match that performance precisely. ETPs involve numerous risks including among others, general market risks relating to the relevant underlying index, credit risks on the provider of index swaps utilised in the ETP, exchange rate risks, interest rate risks, inflationary risks, liquidity risks and legal and regulatory risks.The information contained on this document is not, and under no circumstances is to be construed as, an advertisement or any other step in furtherance of a public offering of shares in the United States or any province or territory thereof, where none of the issuers or their products are authorised or registered for distribution and where no prospectus of any of the issuers has been filed with any securities commission or regulatory authority. No document or information on this document should be taken, transmitted or distributed (directly or indirectly) into the United States. None of the issuers, nor any securities issued by them, have been or will be registered under the United States Securities Act of 1933 or the Investment Company Act of 1940 or qualified under any applicable state securities statutes.This document may contain independent market commentary prepared by WisdomTree based on publicly available information. Although WisdomTree endeavours to ensure the accuracy of the content in this document, WisdomTree does not warrant or guarantee its accuracy or correctness. Any third party data providers used to source the information in this document make no warranties or representation of any kind relating to such data. Where WisdomTree has expressed its own opinions related to product or market activity, these views may change. Neither WisdomTree, nor any affiliate, nor any of their respective officers, directors, partners, or employees accepts any liability whatsoever for any direct or consequential loss arising from any use of this document or its contents.This document may contain forward looking statements including statements regarding our belief or current expectations with regards to the performance of certain assets classes and/or sectors. Forward looking statements are subject to certain risks, uncertainties and assumptions. There can be no assurance that such statements will be accurate and actual results could differ materially from those anticipated in such statements. WisdomTree strongly recommends that you do not place undue reliance on these forward-looking statements.WisdomTree Commodity Securities Limited The products discussed in this document are issued by WisdomTree Commodity Securities Limited (the "Issuer"). The Issuer is regulated by the Jersey Financial Services Commission. Investors should read the prospectus of the Issuer before investing and should refer to the section of the prospectus entitled ‘Risk Factors’ for further details of risks associated with an investment in the securities offered by the Issuer.Securities issued by the Issuer are direct, limited recourse obligations of the relevant Issuer alone and are not obligations of or guaranteed by Citigroup Global Markets Limited (“CGML”), Citigroup Global Markets Holdings Inc. (“CGMH”), Merrill Lynch International ("MLI"), Bank of America Corporation ("BAC") or any of their affiliates. Each of CGML, CGMH, MLI and BAC disclaim all and any liability whether arising in tort, contract or otherwise which they might have in respect of this document or its contents otherwise arising in connection herewith.Bloomberg® and the Bloomberg Commodity IndexesSM are service marks of Bloomberg Finance L.P. and its affiliates (collectively, “Bloomberg”) and have been licensed for use by the Issuer. Although the securities issued by the Issuer are based on the Bloomberg Commodity IndexesSM, neither Bloomberg nor UBS Securities LLC and its affiliates (collectively “UBS”) are affiliated with the Issuer and Bloomberg and UBS do not approve, endorse, review, or recommend such securities. Neither Bloomberg nor UBS guarantees the timeliness, accurateness, or completeness of any data or information relating to the Bloomberg Commodity IndexesSM and make no representation regarding the advisability of investing in such product(s).
Enhancements to the WisdomTree Growth Leaders Fund (PLAT) – previously the WisdomTree Modern Tech Platforms Fund – focus on growth exposure of platform businesses with addition of growth screen criteria and fee reductionNEW YORK, Aug. 03, 2020 (GLOBE NEWSWIRE) -- WisdomTree (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced various enhancements to the WisdomTree Modern Tech Platforms Fund (PLAT), whose name has been changed to the WisdomTree Growth Leaders Fund (PLAT). Growth Exposure Through a Dominant Business Model – More than the FAANGs1“Platform companies are transforming business and the enhancements we’ve made to PLAT better position the fund in the important growth category,” said Jeremy Schwartz, Global Head of Research at WisdomTree. “PLAT will continue to seek to provide exposure to high growth, mid and large market capitalization companies – more than the typical FAANG stocks – and now includes a growth screen criteria to emphasize the growth leaders aspect of it, in addition to providing lower fees.”Platform companies have penetrated the global economy and are now a dominant business model for the 21st century. Platforms create value through connecting interdependent groups (e.g., Uber connecting a rider with a driver), while traditional businesses create value through linear production or supply (e.g., Ford or Hertz that produce/buy cars for sales/rent). PLAT targets companies operating large, scalable networks that disrupt the competitive landscape.Summary of Methodology and Other Enhancements Name: WisdomTree Growth Leaders Fund (formerly, WisdomTree Modern Tech Platforms Fund) Expense Ratio: 20 basis points (bps) – a reduction of 25 bps from 45 bps Revenue Growth Eligibility: at least 7% revenue growth required (formerly, no requirement) Non-U.S. Exposure: Limited to 12%, China limited to 5% and domestic or Hong Kong listings (formerly, no caps) Weighting Mechanism: Modified average of equal and market cap weights with 9% individual security cap (formerly, equally weighted)The Platform Business Model While the traditional business model creates value through linear production of supply of a good or service, a platform business is a non-linear, asset-light2 model that creates value through connections. WisdomTree believes that the key competitive advantage that platforms have relative to legacy businesses is their ability to scale quickly and efficiently beyond the capability of linear businesses.At a certain size, the net benefit of further scale is limited for a linear business, but unlimited for a platform business. As platforms scale, they increase in value without increasing costs, translating to higher revenue-growth and margins. Schwartz added, “The structural advantages of the platform-based businesses we seek to invest in can be reflected in financial metrics through robust revenue growth, margin expansion, substantial free cash flow generation and strong returns on capital. Relative to the companies in the S&P 500 Index3, the constituents of PLAT have generated greater historical revenue growth essentially 3x higher than the typical S&P 500 companies with stronger margins. The sales growth rates of these companies are also approximately double the growth rates in some of the most popular growth strategies.”PLAT seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Growth Leaders Index (the “Index”). The enhancements described herein associated with revenue growth, non-U.S. exposure and weighting mechanism are derived from changes to the Index. The Index is weighted based on a modified average of equal and market capitalization weights and is rebalanced annually. Learn more about WisdomTree Growth Leaders Fund (PLAT) here.Jarrett Lilien, President and Chief Operating Officer at WisdomTree said, “We regularly review the methodologies in our ETF family, strategizing on index improvements and beyond, as part of WisdomTree’s goal of providing best-in-class product.”1 FAANG is an acronym used in reference to five technology companies: Facebook, Amazon, Apple, Netflix and Alphabet (referencing its core subsidiary, Google). As of 6/30/2020, PLAT held 1.3%, 1.6%, 2.0%, and 1.3% of its weight in Facebook, Amazon, Apple, and Alphabet, respectively; PLAT did not hold Netflix.There is no guarantee that favorable historical growth metrics will translate to favorable performance.2 Asset Light: A low level of physical assets on the balance sheet.3S&P 500 Index: The S&P 500 Index is a cap-weighted index of 500 stocks selected by the Standard & Poor’s Index Committee designed to represent the performance of the leading industries in the U.S. economy.Basis point: 1/100th of 1 per cent.Investors should carefully consider the investment objectives, risks, charges and expenses of the Funds before investing. To obtain a prospectus for WisdomTree Funds containing this and other important information, please call 866.909.9473 or visit WisdomTree.com to view or download a prospectus. Investors should read the prospectus carefully before investing. There are risks associated with investing, including the possible loss of principal. Foreign investing involves currency, political and economic risk. Funds focusing on a single country or sector and/or funds that emphasize investments in smaller companies may experience greater price volatility. Investments in emerging markets, real estate, currency, fixed income and alternative investments include additional risks. Dividends are not guaranteed, and a company currently paying dividends may cease paying dividends at any time. Diversification does not eliminate the risk of experiencing investment losses. Due to the investment strategy of certain Funds, they may make higher capital gain distributions than other ETFs. Please see each Fund’s prospectus for a discussion of risks.References to specific securities and their issuers are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations to purchase or sell such securities. You cannot invest directly in an index. WisdomTree Funds are distributed by Foreside Fund Services, LLC, in the U.S. only.Jeremy Schwartz and Jarrett Lilien are registered representatives of Foreside Fund Services, LLC.WTPR-20200729-0082About WisdomTreeWisdomTree Investments, Inc., through its subsidiaries in the U.S. and Europe (collectively, “WisdomTree”), is an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager headquartered in New York. WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies. WisdomTree currently has approximately $61.5 billion in assets under management globally. For more information, please visit www.wisdomtree.com or follow us on Twitter @WisdomTreeETFs.WisdomTree® is the marketing name for WisdomTree Investments, Inc. and its subsidiaries worldwide.Contact Information: Media Relations WisdomTree Investments, Inc. Jessica Zaloom / Amie Lauder +1.917.267.3735 / +1.416.459.6835 firstname.lastname@example.org / email@example.com
This presentation may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. A number of factors could cause actual results to differ materially from the results discussed in forward-looking statements, including, but not limited to, the risks set forth in this presentation, in the Risk Factors section of WisdomTree's annual report on Form 10-K for the year ended December 31, 2019. WisdomTree assumes no duty and does not undertake to update any forward-looking statements.