A new exchange-listed index fund issued by WisdomTree has been tradable on Xetra and Börse Frankfurt since Thursday.
The ETF is based on high-dividend stock corporations with high growth and quality factors.
The new WisdomTree Eurozone Quality Dividend Growth UCITS ETF gives investors the opportunity to participate in the performance of eurozone stock corporations selected based on growth and quality factors. In order to be included in the underlying WisdomTree Eurozone Quality Dividend Growth Index, companies have to have a (gross) cash dividend of at least USD 5 billion, be founded in the eurozone, have a higher price to earnings ratio than dividend yield and meet high growth and quality criteria. The growth and quality factors are long-term estimated earnings growth, average return on equity, and average return on assets of the past three years. The companies are then weighted according to the amount of the dividends they pay out.
Name: WisdomTree Eurozone Quality Dividend Growth UCITS ETF – EUR Acc
Asset class: equity index ETF
ISIN: DE000A2AHL91
Total expense ratio: 0.29 percent
Distribution policy: accumulating
Benchmark: WisdomTree Eurozone Quality Dividend Growth Index
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,041 exchange traded funds. This selection, together with an average monthly trading volume of around €15 billion, makes Xetra Europe’s leading trading venue for ETFs.