眨眼间，首批QDII已经满周岁了。
只可惜，这批本被寄予厚望的QDII，却因为不幸遇上席卷全球的次贷危机，而损手损脚，尤其是一度出现的”三折”净值，更是成为许多QDII投资者心中永远的痛。
扬帆出海却好事多磨，在这样的境况下，如何看待QDII，看待QDII代表的海外投资理念，无疑将要影响很多投资者未来数年的投资布局。 Read the rest of this entry »
Archive for the ‘基金’ Category
基金定投，你还在坚持吗？
On April - 2 - 2009
“那是最美好的时代，那是最糟糕的时代；那是智慧的年头，那是愚昧的年头；那是信仰的时期，那是怀疑的时期；那是光明的季节，那是黑暗的季节；那是希望的春天，那是失望的冬天；我们全都在直奔天堂，我们全都在直奔相反的方向–简而言之，那时跟现在非常相象，某些最喧嚣的权威坚持要用形容词的最高级来形容它。说它好，是最高级的；说它不好，也是最高级的。”，实在想不出，还有那一段话能够如狄更斯《双城记》中的开头那样贴切的形容此时此刻定期定额投资法之于投基者的境况。 Read the rest of this entry »
定期定额和它的7个好朋友
On April - 1 - 2009
定期定投，无疑是普通投资者进行强制储蓄长期投资的绝佳手段。
不过，定期定额虽好，我们总希望锦上添花，以往能够为定期定额加点糖，使回报更为甜蜜。的确，针对定期定额，确有各类优化手段可供考虑。下面便是常见的几种，用好这些定期定额的”好朋友”，也许会让你的投资表现更为出色。 Read the rest of this entry »
我的基金定投实录
On March - 28 - 2009
2008年6月，A股已经完成了由上证指数6124.04点到3000点的第一次腰斩。周遭不少朋友忍痛清仓，甚至停止了持续甚久的基金定投计划。对于短线仓位清仓，个人是惨痛的，但是暂停基金定投，在我看来却是与定期定投理念背道而驰的–越是如此惨淡的行情，越是该坚持甚至加强定投力度，才可能长期获得更低的平均持仓成本。为了证明自己的信念，所以在同样短线空仓的同时，反而开始了一个基金定投计划。 Read the rest of this entry »
WisdomTree高息ETF抛弃金融股
On February - 28 - 2009
WisdomTree旗下的两只高息ETF，WisdomTree Dividend Top 100 Fund和WisdomTree International Dividend Top 100 Fund向美国证监会提交文件，将改变基金名称为WisdomTree Dividend ex-Financials Fund和WisdomTree International Dividend ex-Financials Fund，并将金融股从投资范畴中剔除。
如此做法可以理解。虽然金融股一度是高息股的重要来源，但进入次贷危机之后，大批美国金融机构出现巨大的财政问题，别说派息，连盈利都难保。而美国政府的大规模入股，尤其是高级优先股则决定了，即使未来扭亏为盈，也必须按照约定向美国政府派发高额股息，然后才轮到普通股股东。所以趁早将它们剔除，对于拯救相关ETF的表现大有好处。
申请文件：
The following information supplements the information in the current Prospectus.
Each of the WisdomTree Dividend Top 100 Fund (Ticker Symbol: DTN) and the WisdomTree International Dividend Top 100 Fund (Ticker Symbol: DOO) will change its investment objective and be renamed. These changes are expected to be implemented beginning in late April of 2009.
The WisdomTree Dividend Top 100 Fund will be renamed the WisdomTree Dividend ex-Financials Fund. The renamed Fund will seek to track the price and yield performance, before fees and expenses, of the WisdomTree Dividend ex-Financials Index. The WisdomTree Dividend ex-Financials Index measures the performance of high dividend-yielding stocks outside the financial sector. The Index consists primarily of large- and mid-capitalization companies listed on major U.S. stock exchanges that pass WisdomTree Investments’ market capitalization, liquidity and selection requirements. As of December 31, 2008, approximately 36% of the Index consisted of companies with market capitalizations over $10 billion and 64% of the Index consisted of companies with market capitalization between $2 billion and $10 billion. The top five sectors in the Index currently are consumer discretionary, industrials, materials, telecommunications, and utilities.
The WisdomTree International Dividend Top 100 Fund will be renamed the WisdomTree International Dividend ex-Financials Fund. The renamed Fund will seek to track the price and yield performance, before fees and expenses, of the WisdomTree International Dividend ex-Financials Index. The WisdomTree International Dividend ex-Financials Index measures the performance of high dividend-yielding international stocks outside the financial sector. The index consists primarily of large- and mid-capitalization companies incorporated in Europe, Japan, Australia, New Zealand, Hong Kong and Singapore that pass WisdomTree Investments’ market capitalization, liquidity and selection requirements. As of December 31, 2008, approximately 71% of the Index consisted of companies with market capitalizations over $10 billion and 29% of the Index consisted of companies with market capitalization between $2 billion and $10 billion. The top five international sectors in the Index currently are consumer discretionary, consumer staples, health care, telecommunications, and utilities.
WisdomTree does not believe that the planned changes to the Funds’ portfolios are likely to generate any negative tax consequences for current investors. Investors that believe the Funds’ new objectives meet their investment needs do not need to take any action and can simply hold onto their current positions.
Investors that wish to maintain exposure to dividend-paying stocks, including stocks in the financial sector, may want to consider moving their investment out of the Funds and into one of the other WisdomTree ETFs. If you sell shares of a Fund you may incur capital gains or losses upon the sale of your shares. We suggest that you consult a tax adviser to better understand how this might impact your specific tax situation.
In light of recent market events, some clients have expressed an interest in achieving exposure to dividend paying stocks without having exposure to the financial sector. The planned changes to the Funds are designed to provide investors with the tools to do this. The planned changes do not impact any of the forty other WisdomTree Equity ETFs. WisdomTree remains fully committed to our fundamental approach that uses dividends as a primary metric of value to generate income and achieve long-term investment goals across all sectors. Once the changes are implemented WisdomTree investors will have the ability to invest in an array of fundamentally-weighted ETFs that provide broad market exposure, as well as ETFs that provide specific sector exposure or that eliminate exposure to the financial sector.
Additional information about the Funds and the other WisdomTree ETFs is available at www.wisdomtree.com
from SEC
