abstract:New Year trees are decorations similar to but distinct from Christmas trees that are common in various cultures and nations, chiefly the former Soviet Union, Turkey, and Vietnam. They should not be confused with the practice of not removing a Christmas tree until after New Years, as such trees are still considered to be Christmas trees, whereas New Year trees are displayed specifically to celebrate the New Year.
Last year, Wisdom Tree saw a 42 percent increase in new money flows as a percent of assets under management, greater than any other fund company, according to Morgan Stanley Research.