For example, the U.K. and Switzerland, two countries with strong currencies, combine for over 47% of EUDG’s weight. The large U.K./Switzerland weight is advantageous to EUDG on at least two levels. First, those are two of the best European dividend destinations. Second, equity markets in both countries have been strong performers this year in unison with the strength in sterling and the franc. [Dividend Growth, Europe Style]
EUDG is up 1.4% since it came to market, a performance that tops the CurrencyShares British Pound Sterling Trust (NYSEArca: FXB) and the iShares MSCI United Kingdom ETF (NYSEArca: EWU) over the same period.
WisdomTree Europe Dividend Growth Fund Country Allocation
Table Courtesy: WisdomTree