A Wise Move

Written by GSCR Staff   
Tuesday, 12 February 2013 11:05

 Money is piling into the market in 2013, particularly into ETF funds.  These funds already constitute $1.4 trillion in overall investment, with over $19 billion in flow already in 2013.  While some bears use retail investment as a signal to get out, there are indications that the major indexes will continue to run and money will continue to flow into the market from John and Jan Q investor, with ETF funds replacing traditional mutual funds.

Wisdom Tree Investments, Inc. (NASDAQ – WETF - $9.39) has been on a huge run since late last year in conjunction with this money influx.  The stock has climbed from $6.12 on December 31 and price targets have been raised to the $12 level by several Wall Street firms, including Citi and Morgan Stanley.  The charts look very favorable as well in the short term, with very bullish signals on EMA and MCD.

Wisdom Tree offers a wide range of ETF’s in equities, currency, fixed income, and alternative investments.  Additionally, it also has license agreements with third party vendors for its indexes, and offers a platform for 401(k) plans.

If the money keeps on flowing, so could the stock, to the $12 level. 

Disclosure: Goldman Small Cap Research analysts are neither long nor short these shares but may elect to purchase the stock within the next 48 hours.

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