MutualFundWire.com: WisdomTree Launches a New Small Cap ETF
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Thursday, July 25, 2013
WisdomTree Launches a New Small Cap ETF
A new leaf has sprouted at WisdomTree. Today, the NY-based ETF-sponsor and asset manager launched the WisdomTree U.S. SmallCap Dividend Growth
Fund (DGRS), its third Dividend Growth ETF. The new fund has been engineered to provide
exposure to small-cap dividend-paying stocks with growth
characteristics and has an expense ratio of 0.38 percent.
DGRS seeks to offer a number of characteristics including small-cap dividend-paying securities with room for growth, differentiated exposure from traditional dividend funds, greater exposure to cyclical sectors leveraged to an improving U.S economy. It also offers annual index rebalance, single stock cap of two percent, and a sector cap of 25 percent.
See the full press release below.
Company Press Release
WisdomTree Launches Industry's First U.S. SmallCap Dividend
Growth Fund (DGRS)
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New Exposure to Small-Cap Dividend Growth Leaders Who May be
Well Positioned for Rising Interest Rates, Improving U.S.
Economy
NEW YORK, July 25, 2013 (GLOBE NEWSWIRE) -- WisdomTree (Nasdaq:WETF),
an exchange-traded fund ("ETF") sponsor and asset manager, today
announced the launch of the WisdomTree U.S. SmallCap Dividend Growth
Fund (DGRS) on the NASDAQ Stock Market. DGRS is designed to provide
exposure to small-cap dividend-paying stocks with growth
characteristics and has an expense ratio of 0.38%.
Jeremy Schwartz, WisdomTree Director of Research, said, "WisdomTree's
family of dividend growth ETFs offer a unique, forward-looking dividend
growth methodology. A number of dividend growth indexes focus on
backward-looking dividend-screening criteria that we believe exclude
many dividend initiators and fast-growers that are often found in the
small-cap arena. DGRS is the first, and only, strategy focusing on the
U.S. market's small-cap dividend growth leaders, a segment we believe
offers some of the most attractive dividend growth opportunities."
Small Caps for More Domestic Revenue Exposure
Mr. Schwartz added, "Many assume that high quality, dividend growth
opportunities are confined to blue chip, large-cap stocks. But in an
environment where the U.S. economy is improving and interest rates are
beginning to rise, small caps, more closely tied to the U.S. economy,
will likely become more attractive than large caps, which are more
globally sensitive."
The WisdomTree U.S. SmallCap Dividend Growth Fund (DGRS) seeks to
offer: A diversified basket of small-cap dividend-paying securities with growth
characteristics; Differentiated exposure from traditional dividend funds; Greater exposure to cyclical sectors1 leveraged to an improving U.S.
economy versus more defensive sectors2; At annual index rebalance, single stock cap of 2%, sector cap of 25%
DGRS is WisdomTree's third Dividend Growth ETF, following the
WisdomTree U.S. Dividend Growth Fund (DGRW) and the WisdomTree Global
ex-U.S. Growth Fund (DNL).
1 Cyclical sectors: Energy, Materials, Consumer Discretionary and
Industrials sectors.
2 Defensive sectors: Consumer Staples, Health Care, Utilities and
Telecommunications sectors.
Printed from: MFWire.com/story.asp?s=45133
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