WisdomTree expands in dividend-focused strategies

Morningstar Canada 21 September, 2017 | 5:00PM

WisdomTree Asset Management Canada Inc., whose equity strategies emphasize dividends, has expanded on that theme with four newly listed exchange-traded funds.

WisdomTree Canada Quality Dividend Growth Index (DGRC), WisdomTree Emerging Markets Dividend Index (EMV.B), the currency-hedged WisdomTree U.S. MidCap Dividend Index (UMI) and its non-hedged version (UMI.B), opened for trading today on the Toronto Stock Exchange.

The WisdomTree ETFs employ proprietary rules-based strategies that take a dividend-weighted approach, rather than weighting by market capitalization. To carry out their objectives, the ETFs may invest directly in the index constituents, use sampling techniques, or hold units of U.S.-based WisdomTree ETFs. WisdomTree Canada is a wholly owned subsidiary of New York-based WisdomTree Investments, Inc., which manages US$45.8 billion globally.

The Canadian equity ETF's management fee is 0.21%, and the fee for the U.S. mid-cap ETF is 0.38% for the currency-hedged units and 0.35% for the non-hedged units. The management fee for the emerging-markets ETF is 0.38%. WisdomTree absorbs most of the operating expenses of the ETFs.

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