OppenheimerFunds Investments has expanded on its line of revenue-weighted ETF strategies with two new international dividend options.

OppenheimerFunds launched the Oppenheimer Emerging Markets Ultra Dividend Revenue ETF (NYSEArca: REDV) and the Oppenheimer International Ultra Dividend Revenue ETF (NYSEArca: RIDV), which has a 0.46% and a 0.42% expense ratio, respectively.

“When it comes to dividend investing, particularly in the current environment, it may not make sense for investors to limit themselves to the U.S. market, despite its size. Furthermore, investors that focus exclusively on the yield factor style as a core holding may find themselves with a concentration in overvalued stocks. With our expanded offering of the Ultra Dividend Revenue suite, investors are now able to create a high-dividend, value-oriented global portfolio to meet their income needs,” OppenheimerFunds’ David Mazza, Christopher Clark and Sam O’Connell said in a research note.

The Oppenheimer Emerging Markets Ultra Dividend Revenue ETF tries to reflect the performance of the FTSE Custom Emerging Ultra Dividend Revenue Index, which takes the top 100 components from the FTSE Emerging Index based on the highest average of the 1-year trailing dividend yields over the past two years and then re-weights those securities based on the revenue earned by those companies, according to the fund’s prospectus.

Top country weights include China 23.0%, Russia 14.4%, India 9.7%, South Africa 9.3% and Malaysia 8.6%.

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