Insurance Co. yields $25M to WisdomTree

WisdomTree Investments Inc. of New York announced today that Independence Blue Cross of Philadelphia, through its subsidiary QCC Insurance Co., has allocated $25 million to WisdomTree’s High Yielding Equity Index.
APR 23, 2007
By  Bloomberg
WisdomTree Investments Inc. of New York announced today that Independence Blue Cross of Philadelphia, through its subsidiary QCC Insurance Co., has allocated $25 million to WisdomTree’s High Yielding Equity Index. WisdomTree will use the Bank of New York Co. Inc. as sub-advisor to help manage this separate account. “We are very pleased to welcome IBC as our first separate account client” Jonathan Steinberg, chief executive of WisdomTree said in a statement. “We believe that more institutions will be embracing our fundamental methodology as an alternative to or a complement to their existing capitalization weighted index positions,” he said.

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