Six New ETFs From Wisdom Tree

New York-based exchange-traded fund provider WisdomTree has launched six new funds on the American Stock Exchange. The group is the first family of funds from the company to be weighted by earnings, rather than traditional, market capitalization.   Earlier WisdomTree funds have been dividend-weighted.   “We are excited to expand our fund family, as it is our belief that fundamentally weighted ETFs help address the structural flaws inherent to cap-weighted index products,” said WisdomTree Chief Executive Jonathan Steinberg.   The six funds include the WisdomTree Total Earnings Fund and the large-cap focused WisdomTree Earnings 500 Fund, which both have expense ratios of 0.28%. The WisdomTree Midcap Earnings Fund, SmallCap Earnings Fund, large-cap oriented Earnings Top 100 Fund and multi-cap Low P/E Fund each have a 0.38% expense ratio.   ALPS Distributors will manage distribution of the ETFs, which are among 263 now on the American Stock Exchange.