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Fly News Breaks for November 2, 2016
WETF
Nov 2, 2016 | 05:53 EDT
UBS analyst Brennan Hawken started WisdomTree Investments with a Sell rating and $7 price target. The company is unlikely to benefit from the industry trend towards passive investing, Hawken tells investors in a research note. He notes that WisdomTree's flows have been "very poorly correlated" to the growth rates of exchange traded funds over the last few years.
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