The WisdomTree Europe Dividend Growth Fund (NYSEArca: EUDG) launched last month. The new ETF has nearly 200 constituents that are weighed on the basis of annual dividends paid and it is a lineup that turns up some familiar names. However, country selection is critical when evaluating European dividend markets. EUDG obliges with a combined 47.3% weight to the U.K. and Switzerland, two of the region’s better dividend markets.
Highlighting Switzerland’s importance in the Europe dividend conversation, Novartis (NYSE: NVS), Nestle (PK: NSRGY) and Roche are the new ETF’s top-three holdings at a combined weight of almost 16%.
European consumer staples and health care stocks are among the region’s better dividend destinations at the sector level and those groups combine for almost 37.5% of EUDG’s weight.
PowerShares International Dividend Achievers Portfolio