Innovative exchange traded fund provider WisdomTree Investments is hoping it has another winner with a new ETF focused on dividend-paying stocks with growth traits.
The New York-based asset manager on Wednesday launched WisdomTree U.S. Dividend Growth Fund (NasdaqGM: DGRW).
The fund charges an expense ratio of 0.28%.
“Investors are hungry for income in this low interest rate-, low yield-environment,” said Jeremy Schwartz, director of research at WisdomTree. “Rather than relying on historical records of dividend increases, DGRW uses real-time growth and quality metrics focused on companies who are growing their dividends.”
The company said the new ETF will have heavy exposure to the technology sector.