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PRESS ROOM

WisdomTree, A Leading Provider of ETFs, lists the ISEQ 20® UCIT on the London Stock Exchange

Tuesday 21st April '15

Hector McNeil, Co-CEO

• WisdomTree ISEQ 20® ETF (ISEQ) begins trading on the London Stock Exchange
• TER of 0.49% with an initial launch AUM of circa. 29m EUR

London, 21 April 2015: WisdomTree, an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor, announced the listing of the ISEQ 20® UCITS ETF on the London Stock Exchange, concurrent to WisdomTree’s merger with the original ISEQ 20® ETF (IETF).

 

 Hector McNeil, Co-CEO of WisdomTree Europe commented on the launch:

“The ISEQ 20® is a unique product on the Irish market providing international investors with an opportunity for exposure to a fund tracking the 20 leading ISE quoted Irish companies. This is the only ETF of its kind listed within Europe.  WisdomTree Europe sees great potential in merging the funds and making an attractive product available to a wider investor pool. The new WisdomTree ISEQ 20® UCITS ETF should provide additional benefits to investors including greater liquidity as the ISEQ 20® will now be available through more than 20 Authorised Participants (AP) and Market Makers (MMs) while being managed by the world’s sixth largest ETF provider.”

Viktor Nossek, Director of Research at WisdomTree Europe had this to say on the local economy:

“Ireland’s tough austerity and reform agenda is paying off. On the back of improved economic growth and stabilised financial system, Ireland’s budget deficit is set to shrink to within the 3% EU limit.

Investor Sentiment in Irish equities is upbeat, with the ISEQ 20® - the Irish equity benchmark containing the 20 largest stocks on the Irish Stock Exchange - having tripled its value since 2009.

With Ireland’s domestic demand rebounding, its exports strengthening and its banking sector restructured, the foundations have been laid for the ISEQ 20® to benefit from broad-based support of industrial, consumer and financial stocks and potentially sustain the strong performance longer term.”

The ISEQ 20® Index is a market-cap weighted index representing the 20 most liquid and largest companies quoted on the Irish Stock Exchange.  On 17 April 2015, the merger was completed between WisdomTree and the original ISEQ 20® ETF, which was managed by Investec.  WisdomTree, a leading international asset manager and world’s sixth largest ETF issuer, is bringing significant benefits to the merged ETF. The benefits will include:

  • in practical terms, from an efficiency perspective, the merger of the funds has led to an initial reduction in the total expense ratio (“TER”) to 0.49%;
  • greater liquidity and potentially tighter bid/offer spreads due to WisdomTree’s pool of over 20 APs and MMs and potentially greater AUM;
  • the ISEQ 20® ETF being managed and promoted by an experienced and well established specialist ETF provider.

 

END

Notes to Editor

About WisdomTree Europe Ltd

WisdomTree Investments, Inc., through its subsidiaries in the U.S. and Europe, including WisdomTree Europe Ltd based in London, is an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager.  WisdomTree offers products covering equities, fixed income, currencies, commodities and alternative strategies.  Through WisdomTree Europe Ltd, it sponsors WisdomTree UCITS ETFs and BOOST short and leverage ETPs. WisdomTree currently has approximately $61 billion (as of 16 April 2015) 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. 

Disclaimer

WisdomTree Europe Ltd is an appointed representative of Mirabella Financial Services LLP which is authorised and regulated by the Financial Conduct Authority.                                                                       

The value of an investment in ETPs may go down as well as up and past performance is not a reliable indicator of future performance. 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.

ETPs offering daily leveraged or daily short exposures (“Leveraged ETPs”) are products which feature specific risks that prospective investors should understand before investing in them. Higher volatility of the underlying indices and holding periods longer than a day may have an adverse impact on the performance of Leveraged ETPs.  As such, Leveraged ETPs are intended for financially sophisticated investors who wish to take a short term view on the underlying indices. As a consequence, WisdomTree Europe Ltd is not promoting or marketing BOOST ETPs to Retail Clients. Investors should refer to the section entitled "Risk Factors" and “Economic Overview of the ETP Securities” in the Prospectus for further details of these and other risks associated with an investment in Leveraged ETPs and consult their financial advisors as needed.  Within the United Kingdom, this document is only made available to professional clients and eligible counterparties as defined by the FCA. Under no circumstances should this document be forwarded to anyone in the United Kingdom who is not a professional client or eligible counterparty as defined by the FCA. This marketing information is intended for professional clients & sophisticated investors (as defined in the glossary of the FCA Handbook) only.

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