WisdomTree Emerging Markets Local Debt Fund (ELD) Receives NAIC Designation
16 Julio 2013 - 8:00AM
WisdomTree (Nasdaq:WETF), an exchange-traded fund ("ETF") sponsor
and asset manager, today announced the WisdomTree Emerging Markets
Local Debt Fund (ELD) has received a risk-based capital Designation
of 1 (-) from the Securities Valuation Office of the National
Association of Insurance Commissioners (NAIC). This follows a
previous NAIC 3 Designation of The WisdomTree Emerging Markets
Corporate Bond Fund (EMCB) on April 16, 2013.
Rick Harper, WisdomTree Head of Currency and Fixed Income, said,
"We are pleased to receive an NAIC 1 (-) Designation for the Fund.
This Designation places ELD within the highest credit quality
rating category. We believe the ratings of our fixed income funds
will be instrumental in broadening the pool for assessment and
consideration among insurance companies when managing their
risk-based capital requirements."
The Securities Valuation Office of the National Association of
Insurance Commissioners assigns credit quality designations to
securities held by state-regulated insurance companies. NAIC
Designations are opinions of credit quality that range from NAIC 1,
the highest quality, to NAIC 6, the lowest quality. NAIC
Designations allow fixed income ETFs to be reported as bonds and
are used to set risk-based capital requirements.
Investors should carefully consider the investment
objectives, risks, charges and expenses of the Funds before
investing. To obtain a prospectus containing this and other
important information, call 866-909-9473 or visit wisdomtree.com.
Read the prospectus carefully before investing.
There are risks associated with investing, including possible
loss of principal. Foreign investing involves special risks, such
as risk of loss from currency fluctuation or political or economic
uncertainty. Investments in emerging, offshore or frontier markets
are generally less liquid and less efficient than investments in
developed markets and are subject to additional risks, such as
risks of adverse governmental regulation and intervention or
political developments. Derivative investments can be volatile and
these investments may be less liquid than other securities, and
more sensitive to the effects of varied economic conditions.
Fixed income investments are subject to interest rate risk;
their value will normally decline as interest rates rise. In
addition when interest rates fall income may decline. Fixed
income investments are also subject to credit risk, the risk that
the issuer of a bond will fail to pay interest and principal in a
timely manner, or that negative perceptions of the issuer's ability
to make such payments will cause the price of that bond to decline.
Unlike typical exchange-traded funds, there is no index that the
Fund attempts to track or replicate. Thus, the ability of the Fund
to achieve its objective will depend on the effectiveness of the
portfolio manager. Due to the investment strategy of this Fund
it may make higher capital gain distributions than other
ETFs.
WisdomTree Funds are distributed by ALPS Distributors,
Inc.
Rick Harper is a registered representative of ALPS Distributors,
Inc.
WIS005419 (7/2014)
NAIC 1 Designation is assigned to obligations exhibiting the
highest quality. Credit risk is at its lowest and the issuer's
credit profile is stable. This means that interest, principal or
both will be paid in accordance with the contractual agreement and
that repayment of principal is well protected.
The NAIC Designation was received on July 1, 2013 and is updated
annually.
NAIC 3 Designation is assigned to obligations of medium quality.
Credit risk is intermediate and the issuer's credit profile has
elements of instability. These obligations exhibit speculative
elements. This means that the likelihood that interest, principal
or both will be paid in accordance with the contractual agreement
is reasonable for the present, but an exposure to an adverse change
in circumstances or economic, financial or business conditions
would create an uncertainty about the issuer's capacity to make
timely payments.
About WisdomTree
WisdomTree® is a New York-based exchange-traded fund ("ETF")
sponsor and asset manager. WisdomTree currently offers 50 ETFs
across Equities, Fixed Income, Currency Income and Alternatives
asset classes. WisdomTree also licenses its indexes to third
parties for proprietary products and promotes the use of WisdomTree
ETFs in 401(k) plans. WisdomTree currently has approximately
$30.4 billion in ETF assets under management. 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 wholly owned subsidiaries WisdomTree Asset Management,
Inc. and WisdomTree Retirement Services, Inc. WisdomTree Asset
Management, Inc. is a registered investment advisor and is the
investment advisor to the WisdomTree Trust and the WisdomTree ETFs.
The WisdomTree Trust is a registered open-end investment company.
Each WisdomTree ETF is a series of the WisdomTree
Trust. WisdomTree Retirement Services, Inc. supports the use
of the WisdomTree ETFs in retirement plans by financial
professionals.
CONTACT: WisdomTree Investments, Inc.
Stuart Bell / Jessica Zaloom
+1.917.267.3702 / +1.917.267.3735
sbell@wisdomtree.com / jzaloom@wisdomtree.com
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