WisdomTree Announces Latin America Distribution Agreement With Compass Group
Strategic Alliance with Latin America-Based Firm Bolsters ETF Presence throughout Region
NEW YORK--(BUSINESS WIRE)-- WisdomTree (Pink Sheets: WSDT - News), an exchange-traded fund ("ETF") sponsor and asset manager, announced today a collaboration with Compass Group Holdings S.A., a leading investment consultant and asset manager in Latin America, to market WisdomTree's ETFs in Latin America.
"As ETF adoption increases throughout Latin America, we are pleased to team up with one of the leaders in this important market to further broaden our footprint," said Bruce Lavine, WisdomTree President & COO. "This strategic alliance marks our most recent initiative in Latin America, which started in 2008 with the approval of certain WisdomTree ETFs by the Chilean Pension Regulator Comision Clasificadora de Riesgo (CCR), and continued earlier this year with the listing of nine of our funds on the Mexican stock exchange, Bolsa Mexicana De Valores (BMV)."
Daniel Navajas, Regional Head of Institutional Advisory, Compass Group, commented, "We believe WisdomTree's fundamentally-weighted equity ETFs and currency income ETFs present attractive, differentiated offerings for institutional investors in Latin America."
About Compass Group Holdings S.A.
Compass Group Holdings S.A. is a leading emerging markets advisor. With offices in Chile, Argentina, Colombia, Uruguay, Mexico, Peru, New York and Miami, the group focuses on the development of emerging market investment solutions for global investors and global investment solutions for Latin American investors. The group provides asset management, global investment advisory, and private equity offerings for over US$13 billion in assets. For more information, visit www.cgcompass.com.
WisdomTree(R) is an exchange-traded fund ("ETF") sponsor and asset manager using its own fundamentally weighted index methodology. WisdomTree also licenses its indexes to third parties for proprietary products and offers a platform to promote the use of WisdomTree ETFs in 401(k) plans. Approximately $9.5 billion in assets currently are managed by WisdomTree or are managed against WisdomTree Indexes. For more information, please visit www.wisdomtree.com. 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.
Released October 25, 2010