WisdomTree Asset Management Canada has launched three equity funds, the WisdomTree Canada Quality Dividend Growth Index ETF (DGRC), the WisdomTree Emerging Markets Dividend Index ETF (EMV.B) and the WisdomTree US MidCap Dividend Index ETF (UM and UMI.B).
WisdomTree Canada has completed the initial public offering of the non-hedged units of the Funds and the hedged units of the WisdomTree US MidCap Dividend Index ETF, whichare now trading on the Toronto Stock Exchange (TSX).
The WisdomTree Canada Quality Dividend Growth Index ETF provides exposure to dividend-paying Canadian companies with growth characteristics. The Fund seeks to track, to the extent possible, the price and yield performance of the WisdomTree Canada Quality Dividend Growth Index, before fees and expenses. The Fund’s management fee is 0.21 per cent.
The WisdomTree Emerging Markets Dividend Index ETF provides exposure to dividend-paying stocks within emerging markets that meet minimum listing, market capitalisation and liquidity requirements. The Fund seeks to track, to the extent possible, the price and yield performance of the WisdomTree Emerging Markets Dividend Index CAD, before fees and expenses. The Fund’s management fee is 0.38 per cent.
The WisdomTree US MidCap Dividend Index ETF provides exposure to the mid-capitalisation segment of the US dividend-paying market. The Fund seeks to track, to the extent possible, the price and yield performance of the WisdomTree US MidCap Dividend Index CAD, before fees and expenses. The management fee for the hedged units of the Fund is 0.38 per cent and 0.35 per cent for the non-hedged units of the Fund.
“By taking a dividend-weighted approach, rather than weighting by market-capitalisation, these new funds provide investors with more efficient access to the growth taking place in Canada, the US and key emerging markets,” says Jeff Weniger, WisdomTree Asset Allocation Strategist. “All three of these new funds can serve as core holdings in an investor’s portfolio.”
