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

...

In volatile and declining markets, many investment managers decide to play defense.  Our TCA-ETF model uses a combination of technical factors to capture Trends and Cycles with a touch of Anticipation.  It is also a good guide to market fundamentals.  Why?  Looking at many different sector ETF's provides a great snapshot of the collective market wisdom.  (For new readers, there is a more complete description of our methods at the end of the article.) Dividends:  An Element of Defensive Investing The iShares Dow Jones Select Dividend Fund (DVY) is a good choice for investors seeking high yield without excessive concentration in a few stocks.  The fund yields 4.6% and has a beta of 1.0, both attractive to a yield-oriented investor.  No single stock represents as much as 4% of the fund.  This can provide an illusion of diversification, however.  Financial names ...