WisdomTree introduces LargeCap Growth Fund
4th December 2008
WisdomTree, an exchange traded fund sponsor and index developer, has announced the launch of the WisdomTree LargeCap Growth Fund (ROI) on the NYSE Arca with an expense ratio of 0.38%.
WisdomTree said that ROI is designed to track the WisdomTree LargeCap Growth Index, a fundamentally weighted index which measures the stock performance of approximately 300 large-cap growth companies in the US, with initial weights of each company in the index set annually based on earnings generated in the prior four fiscal quarters.
Jonathan Steinberg, CEO of WisdomTree, said: "We believe growth's historic underperformance may have more to do with how the major growth indexes are constructed, than with growth stocks themselves. WisdomTree's investment philosophy can be applied across the entire field of equity investing. Bringing our fundamental weighting methodology to the growth universe is an important extension of our effort to address what we believe to be the flaws of traditional, market capitalization-weighted indexes."