CIBC WisdomTree Siegel Equity Value Index™ Series II Overview Video
Descriptive transcript
[This video uses animation to illustrate spoken content. The CIBC logo appears with the video title, “WisdomTree Siegel Equity Value Index™ Series II]
The CIBC WisdomTree Siegel Equity Value Index™ Series II is an advanced value investing strategy
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that leverages decades of experience and insight, leading index construction, and objective asset allocation processes
[The following appears simultaneously: WisdomTree Investments Inc., a picture of Jeremy Siegel, and CIBC Capital Markets.]
from three prominent industry leaders.
[A book, and a rectangle with the text “P/E“ appears.]
As opposed to using traditional valuation metrics like Book Value or Price to Earnings Ratios,
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the Index bases its investment approach on the ratio of operating earnings and total enterprise value as more reliable measures of valuation.
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This approach avoids the potential for significant earnings swings due to changes in accounting principles;
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excludes one-time events that do not impact the longer-term value of firms;
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and helps to create more accurate comparisons across companies with different capital structures.
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The methodology also leverages Professor Siegel’s research on aggregation bias, which addresses cases where a few companies with very large losses can result in an artificially high P/E ratio at an aggregate level.
Here’s how it works:
[Text reads, “Evaluate.” Ten rectangles, each formed by small squares appear. One of the rectangles enlarges to the foreground.]
Evaluate
The Index evaluates 500 of the largest publicly traded U.S. companies by market cap across 10 industry sectors for fundamental factors including operating earnings and total enterprise value.
[Text reads, “Select.” Four rectangles transform into solid bars, while the others disappear.]
Select
The Index selects the four best valued U.S. market sectors and allocates quarterly.
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Rebalance
Each month, the selected market sectors are rebalanced to capture potential gains.
The end result?
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A fully systematic Index designed to provide total returns by identifying undervalued U.S. market sectors.
CIBC WisdomTree Siegel Equity Value Index™. Providing total returns through advanced value investing.
[Text reads, “Learn more at wtsiegelindex.cibccm.com/sevi-2”]
Disclaimer
The CIBC WisdomTree Siegel Equity Value Index™ Series II (the “Index”) is the exclusive property of Canadian Imperial Bank of Commerce (Canadian Imperial Bank of Commerce, together with its affiliates, “CIBC”). CIBC has engaged Bloomberg Finance L.P. (“Bloomberg”) to maintain and to make certain calculations related to the Index. “Canadian Imperial Bank of Commerce”, “CIBC” and “Index” (collectively, the “CIBC Marks”) are trademarks or service marks of CIBC. CIBC has developed the index without considering the needs of any person. CIBC makes no representation or warranty, express or implied, regarding the Index or its development and has no responsibilities, obligations or liabilities with respect to the inception, adjustment, maintenance, operation or calculation.
None of CIBC, Bloomberg, or any third-party licensor (collectively, the “Index Parties”) to CIBC is acting, or has been authorized to act, as an agent of any Index Party or has in any way sponsored, promoted, solicited, negotiated, endorsed, offered, sold, issued, supported, structured or priced any Index-linked products (a “Product”) or provided investment advice to any person. No Index Party is a fiduciary or agent of any purchaser, seller or holder of any Product, or has made any representation or warranty, express or implied, regarding the advisability of purchasing, selling or holding any Product or the ability of the Index to track corresponding or relative market performance. Purchasers of any Product neither acquire any interest in the Index nor enter into any relationship of any kind whatsoever with any of the Index Parties. No Index Party guarantees the timeliness, accurateness, or completeness of the Index or any data or information relating thereto and shall have no liability in connection with the Index or any data or information relating thereto. No Index Party shall have any liability with respect to any Product, nor any liability for any loss relating to any Product, whether arising directly or indirectly from the use of the Index, its methodology, or otherwise.
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