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WisdomTree To Create Nonfinancial Dividend ETFs
IndexUniverse Staff (February 26th, 2009) Writes:
WisdomTree changing pair of dividend-focused ETFs to exclude Financial stocks.
WisdomTree Investments is changing the investment strategy of two of its dividend-focused exchange-traded funds so that they exclude exposure to the Financials sector.
Beginning in late April, the WisdomTree Dividend Top 100 (NYSE Arca: DTN) will be renamed the WisdomTree Dividend ex-Financials Fund; its international counterpart, the WisdomTree International Dividend Top 100 (NYSE Arca: DOO), will be renamed the WisdomTree International Dividend Ex-Financials Fund.
The funds will become the first dividend-focused ETFs to exclude Financials.
"There are quite a few dividend-focused ETFs on the market today, many of which have significant exposure to Financials," said Luciano Siracusano, director of sales for WisdomTree. "We wanted to provide clients with a choice, to give them the option to get yield without getting exposure to Financials."
The Financials sector tends to be one of the higher-yielding sectors in the market, and dividend-focused ETFs
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