WisdomTree Emerging Markets Corporate Bond Fund (EMCB) Receives NAIC
NEW YORK, April 25, 2013 (GLOBE NEWSWIRE) -- WisdomTree (Nasdaq:WETF), an
exchange-traded fund ("ETF") sponsor and asset manager, today announced the
WisdomTree Emerging Markets Corporate Bond Fund (EMCB) has received a
risk-based capital (RBC) designation of 3 from the Securities Valuation Office
(SVO) of the National Association of Insurance Companies (NAIC).
Rick Harper, WisdomTree Head of Currency and Fixed Income, said, "Securing
risk-based capital designations from the NAIC enables investors to look
through the ETF wrapper to the underlying bonds, allowing for a practical
assessment of the Fund."
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, being the highest quality, to NAIC 6, being
the lowest quality. NAIC Designations allow fixed income ETFs to be reported
as bonds and are used to set risk-based capital requirements.
Mr. Harper said, "The Fund's NAIC 3 Designation will be instrumental in
broadening the pool for consideration among insurance companies when managing
their 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. The Funds focus
their investments in specific regions or countries, thereby increasing the
impact of events and developments associated with the region or country, which
can adversely affect performance.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 certain Fund's they may make higher capital gain distributions than other
ETFs.Please read the Fund's prospectus for specific details regarding the
Fund's risk profile.
WisdomTree Funds are distributed by ALPS Distributors, Inc.
Rick Harper is a registered representative of ALPS Distributors, Inc.
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
WisdomTree® is a New York-based exchange-traded fund ("ETF") sponsor and asset
manager. WisdomTree currently offers 47 ETFs across Equities, Currency Income,
Fixed 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 $26.8
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
firstname.lastname@example.org / email@example.com
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