Do the Wisdom Tree ETFs focus on domestic companies or they include international companies as well?
We have 12 domestic indexes six of them are weighted by dividends and six of them are weighted by earnings. These indexes cover companies incorporated in the United States that trade on domestic exchanges. Internationally, we have 25 dividend-weighted indexes, and all of them cover developed markets outside of the U.S. and Canada. These indexes dont invest in the emerging markets; we cover the same developed countries as MSCI EAFE Indexes. So we have ETFs in Europe, Japan, and the Pacific Region. (Note: WisdomTree launched and an emerging markets ETF on July 13, 2007). So we have a very broad index in the same 21 equity markets as MSCI. But the different weighting approach results in different country exposures from the MSCI index. For example, we have greater exposure to the United Kingdom and Australia and were underweight in Japan because Japan pays out smaller dividends. Q: When you approach the international market, do you rely on the same earnings and dividend formulas as in the
