ETP sponsor and asset manager WisdomTree’s MidCap Dividend Fund (DON) has surpassed USD1 billion in assets.
DON is designed to track the WisdomTree MidCap Dividend Index (WTMDI), a fundamentally weighted index that measures the performance of the mid-capitalization segment of the U.S. dividend-paying market.
Luciano Siracusano, WisdomTree Chief Investment Strategist, says: “There are a variety of dividend-focused funds and investment strategies, but we believe The WisdomTree MidCap Dividend Fund (DON) provides the broadest exposure to the mid-cap segment of the US dividend-paying market. For investors looking for potential dividend income in a portfolio, we believe DON could serve as a core exposure to the US mid-cap asset class.”
