The new funds aim to provide efficient access to growth in key equity markets
WisdomTree Asset Management Canada has expanded its ETF shelf with three new dividend-oriented funds on the TSX.
“By taking a dividend-weighted approach, rather than weighting by market capitalization, these new funds provide investors with more efficient access to the growth taking place in Canada, the US and key emerging markets,” said WisdomTree Asset Allocation Strategist Jeff Weniger.
The WisdomTree Canada Quality Dividend Growth Index ETF (DGRC) provides exposure to dividend-paying Canadian companies with growth characteristics. With a management fee of 0.21%, it seeks to track the price and yield performance of the WisdomTree Canada Quality Dividend Growth Index, before fees and expenses.
The WisdomTree US MidCap Dividend Index ETF invests in the mid-cap segment of the US-dividend-paying equity market. The fund seeks to track the price and yield performance of the WisdomTree US MidCap Dividend Index CAD, before fees and expenses. The ETF is available in hedged (UMI) and non-hedged units (UMI.B), with management fees of 0.38% and 0.35%, respectively.
Finally, the WisdomTree Emerging Markets Dividend Index ETF (EMV.B) invests in dividend-paying stocks from emerging-market issuers that pass certain listing, market capitalization and liquidity requirements. The fund comes with a management fee of 0.38%, and aims to track the price and yield performance of the WisdomTree Emerging Markets Dividend Index CAD.
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“By taking a dividend-weighted approach, rather than weighting by market capitalization, these new funds provide investors with more efficient access to the growth taking place in Canada, the US and key emerging markets,” said WisdomTree Asset Allocation Strategist Jeff Weniger.
The WisdomTree Canada Quality Dividend Growth Index ETF (DGRC) provides exposure to dividend-paying Canadian companies with growth characteristics. With a management fee of 0.21%, it seeks to track the price and yield performance of the WisdomTree Canada Quality Dividend Growth Index, before fees and expenses.
The WisdomTree US MidCap Dividend Index ETF invests in the mid-cap segment of the US-dividend-paying equity market. The fund seeks to track the price and yield performance of the WisdomTree US MidCap Dividend Index CAD, before fees and expenses. The ETF is available in hedged (UMI) and non-hedged units (UMI.B), with management fees of 0.38% and 0.35%, respectively.
Finally, the WisdomTree Emerging Markets Dividend Index ETF (EMV.B) invests in dividend-paying stocks from emerging-market issuers that pass certain listing, market capitalization and liquidity requirements. The fund comes with a management fee of 0.38%, and aims to track the price and yield performance of the WisdomTree Emerging Markets Dividend Index CAD.
For more of Wealth Professional's latest industry news, click here.
Related stories:
First Asset announces dividend ETF
Invesco’s new REIT ETF provides investment ‘middle ground’
