Products November 16, 2006

WisdomTree Asks SEC Approval for 31 ETFs

WisdomTree Investments, Inc. announced Thursday that it has asked for Securities and Exchange Commission approval to register 31 new exchange-traded funds (ETFs).
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According to a news release, the WisdomTree Indexes anchor the initial weights of individual stocks to a measure of fundamental value, rather than using capitalization-weighted indexes.

The Delaware company already has 30 fundamentally-weighted ETFs listed on the New York Stock Exchange, 10 of which it added in early October and are strictly international, according to a prior news release.

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For more information on the new ETFs visit http://www.wisdomtree.com/etfs/
Products November 16, 2006

Tool Automates Asset Allocation Among Different Investments

Concord Equity Group Advisors has announced the release of a Wealth Management platform enhancement that automates the task of allocating a client’s assets to a wide range of investment alternatives.
Reported by

According to the announcement, the enhanced asset allocation function enables portfolio managers and financial advisers to quickly allocate clients’ assets among third-party investment managers, ETFs, mutual funds and a financial institution’s internal investment strategies. Nick Mariniello, executive managing director atConcord, said in the announcement the new tool could also add value to an adviser’s sales process as investors appreciate the benefits of an open architecture platform.

“For portfolio managers and advisers who prepare detailed client proposals on a large scale, this new tool automates the arduous exercise of apportioning assets among a wide range of investment alternatives,” said Lee Argush, Concord cofounder and chief executive officer, in the announcement.

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Concordoffers financial organizations, including trust companies, banks, broker/dealers, clearing firms, insurance companies and independent advisory firms a customizable wealth management platform.

For more information, contact Elon Green atelon@benabe.com.

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