on Tuesday launched a small-cap dividend-weighted ETF on the NYSE Arca. Sporting an expense ratio of 63 basis points, the WisdomTree Emerging Markets ETF
trades under the symbol DGS and offers exposure to mainly small-cap stocks from 19 emerging market countries. The new offering is the 27the pure international ETF from Wall Street-based WisdomTree. Below is the release the firm issued Monday.
WisdomTree Investments, Inc. (Pink Sheets: WSDT) today announced that the WisdomTree Trust will launch a new small-cap dividend-weighted ETF tomorrow under the ticker symbol DGS.
This first-to-market offering follows closely behind the WisdomTree Emerging Markets High-Yielding Fund (DEM) launched in July of this year. Both ETFs offer investors exposure to robust and growing markets through a fundamentally weighted indexing strategy that seeks to reduce the potential risk that WisdomTree believes market capitalization-weighted indexes are prone.
DGS will trade on the NYSE Arca and will have an expense ratio of 0.63%. The ETF is designed to track the WisdomTree Emerging Markets SmallCap Dividend Index and will be the first ETF to offer pure international exposure to primarily small-cap stocks selected from 19 emerging market nations, including countries in Europe, Asia, and Latin America.
“We believe this Emerging Markets ETF offers investors access to fast-growing companies in attractive new markets with the added comfort that comes from WisdomTree's dividend-focused strategy.” said Bruce Lavine, President & COO of WisdomTree. “The launch marks WisdomTree's 27th pure international ETF, and continues our commitment to offer the most comprehensive international offering covering the developed world, emerging markets and non-U.S. sectors.”
Armie Margaret Lee
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