The WBI Power Factor High Dividend ETF (WBIY) more than doubled its assets under management during the third quarter, exceeding USD125 million on 14 September 2018.
WBI Investments, a provider of wealth-building strategies targeting an optimal blend of bear market protection and bull market return, introduced the multi-factor Smart Beta ETF in December 2016 and passed the USD50 million asset milestone in June of this year.
WBIY is the No1 top dividend equity ETF out of 59 dividend-yielding, US equity funds based on one-year return as of 31 August, 2018 according to Morningstar and was recently listed as one of five dividend ETFs worth buying by Zack’s Research.
“We’re seeing volatility return to markets, and investors are starting to get uneasy,” says Don Schreiber, Jr, founder and CEO of WBI. “For some, dividend-paying funds like WBIY are a great way to get defensive because investors get a source of return that is not dependent on whether the markets go up or down. WBIY does this well by focusing on high-yielding US domestic stocks with high-quality fundamentals.”
“Outside the tech trade, stock performance has been sluggish,” says Matt Schreiber, WBI President and Chief Investment Strategist. “For investors looking to participate in the market but are weary of all-time market highs and the potential for a bear market, dividend-focused products tend to have a consistent and reliable income stream. There are value stocks out there, you just have to know where to look and WBIY has a great process to do that.”