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WisdomTree Global ex-US Real Estate ETF Message Board

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  • dead_phish dead_phish Apr 3, 2012 10:46 AM Flag

    No dividends again?!

    I had to e-mail Wisdom(?) Tree to find out the DRW distribution status for March (their website had no information). I immediately got the following response:

    "DRW did not have a distribution for March. The fund invests in PFICs (Passive Foreign Investment Companies) and their losses were deducted from the distribution. Gains are added in up years and losses are subtracted in down years. The link below is a good description of these PFICs below..."

    http://www.investopedia.com/terms/p/pfic.asp#axzz1qQX0hscS

    Bottom Line ....This income (???) ETF is a real TURKEY!!! I'm now totally out. (at least 3 months late)

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    • I Strongly agree with your sentiment, having been burned and sold out at a loss. I think it's worse than a turkey though....how do you explain the share appreciation after the first huge dividend miss? How now does anyone explain the relative share price stability after the second consective miss? Thanks for the link, new rule in place: nix any ETF containing "PFIC". Hope you didn't lose too much.....and considering that the share prices of the ETF went up after you sold(I assume after the fist miss), someone made $ on your sale!

      • 2 Replies to gmhb172068
      • I have been unable to find any crtical analysis of this ETF, any online research suggests you are getting into a honey of an investment. Of course now, the missed dividends are starting to get picked up in the public domain to adjust down the net annual dividend, but there was seemingly a 2 month lag. This is an insider's game as far as I'm concerned.

      • DRW stock price has basically just followed it's NAV, as it should (approx 23.20 in Dec to 26.50 now).

        I initially purchased some DRW around $28 when the NAV was also around $28. I sold everything yesterday for a total investment loss of $173 (counting dividends from back-in-the-day).

        Fortunately, I'm a masochist and have around 100 investments, where almost all have at least some income and many are for income only (REIT, BDC, Bonds, Preferred, etc).

        Obviously I don't understanding "Passive Foreign Investment Companies" investments and therefore I should have stayed out of Global REITs like DRW.

        Lucky this time.

        Actually, I should be listed as 65/Male-FL but I can't figure out how to change it in Yahoo!Finance. I have not such problem in other websites.

        Yahoo and I are at war since they forced the Yahoo!Finance mandatory upgrade a couple of months back.

    • Hmm up 19% since you sold. I'll just sell of some of my holdings if I need the income. 19% in 8 months is fine with me!

      Sentiment: Hold

 
DRW
28.604-0.196(-0.68%)Oct 22 4:00 PMEDT

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