For the 12 months ended in March, Japanese dividends and buybacks climbed $104 billion and Japanese companies have more cash on hand than rivals in any other G7 nation, according to Bloomberg.
Last year, Japanese dividends climbed 19%. In recent weeks, several of Japan’s largest financial services firms have boosted buybacks and payouts. That sector accounts for 4.3% of JDG’s weight.
JDG is the second Japan dividend growth ETF introduce by WisdomTree this year. Last month, the issuer launched the WisdomTree Japan Hedged Dividend Growth Fund (NYSEArca: JHDG). That ETF, which is currency hedged, is up 3.7% and has accumulated $13.2 million in assets since coming to market. [Best of two Worlds in a new Japan ETF]
Both JDG and JHDG charge 0.43% per year.
JDG Top 10 Holdings
Table Courtesy: WisdomTree