WisdomTree Investments Inc. (NASDAQ: WETF), the fifth-largest U.S. issuer of exchange traded funds, last week introduced two new ETFs designed to give investors protection in down markets: The WisdomTree Dynamic Long/Short U.S. Equity Fund (BATS: DYLS) and the WisdomTree Dynamic Bearish U.S. Equity Fund (BATS: DYB).
The WisdomTree Dynamic Long/Short U.S. Equity Fund, as its name implies, features both long and short equity positions. That new ETF's long positions are comprised of 100 large- and mid-cap companies that meet certain growth and value criteria. DYLS weights those according to their volatility traits. The new ETF's short equity positions “include the largest 500 U.S. companies, weighted by market capitalization, designed to act as a market risk hedge,” according to WisdomTree.
Top sector weights in DYLS include consumer discretionary and financial services, which ...
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