The WisdomTree Dividend ex-Financials Fund (DTN) recently surpassed USD1 billion in assets and is presently the Company’s second largest ETF.
DTN is designed to track an Index that selects the 10 highest dividend yielding stocks from each U.S. sector from a universe of large-cap securities, excluding financial companies.
Jeremy Schwartz (pictured), WisdomTree Director of Research, says: “Investors are increasingly looking to dividend paying equities as a potential source of income in a prolonged low interest rate environment. Yet some investors continue to have concerns about the financial sector’s health. For those investors, DTN provides exposure to a simple concept: a diversified basket of dividend-paying large cap stocks across all major market sectors with the exception of financials.”
