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New funds take a dividend-weighted approach

By Leah Golob |

 

Toronto-based WisdomTree Asset Management Canada Inc. on Thursday announched the launch of three new equity funds, WisdomTree Canada Quality Dividend Growth Index ETF, WisdomTree Emerging Markets Dividend Index ETF and WisdomTree U.S. MidCap Dividend Index ETF.

WisdomTree has completed the initial public offering of the non-hedged units of the funds and the hedged units of the WisdomTree U.S. MidCap Dividend Index ETF, which began trading on the Toronto Stock Exchange on Thursday.

WisdomTree Canada Quality Dividend Growth Index ETF offers exposure to dividend-paying Canadian companies with growth characteristics. The fund aims to track the price and yield performance of the WisdomTree Canada Quality Dividend Growth Index and the management fee is 0.21%.

WisdomTree Emerging Markets Dividend Index ETF provides access to dividend-paying stocks within emerging markets that meet minimum listing, market capitalization and liquidity requirements. The fund looks to replicate the price and yield performance of the WisdomTree Emerging Markets Dividend Index CAD. The management fee is 0.38%.

Lastly, WisdomTree U.S. MidCap Dividend Index ETF gives exposure to the mid-capitalization segment of the U.S. dividend-paying market and tracks the price and yield performance of the WisdomTree U.S. MidCap Dividend Index CAD. The management fee for the hedged units of the fund is 0.38% and 0.35% for the non-hedged units of the fund.

"By taking the 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 U.S. and key emerging markets," says Jeff Weniger, WisdomTree asset allocation strategist, in a statement. "All three of these new funds can serve as core holdings in an investor's portfolio."

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