WisdomTree has expanded its equity ETF range by launching the WisdomTree UK Quality Dividend Growth Ucits ETF (UGRW) on the London Stock Exchange.
UGRW is designed to track the WisdomTree UK Quality Dividend Growth Index and has a total expense ratio of 0.29%.
The ETF targets high-quality dividend-paying companies in the UK market, focusing on those with high returns on equity and assets and significant medium-term earnings growth. It also integrates ESG criteria, excluding companies that do not meet these standards.
The new ETF complements WisdomTree’s existing Quality Dividend Growth Ucits ETF range, which includes global, US and Eurozone exposures.
Alexis Marinof, head of Europe, WisdomTree, said, “This new Ucits ETF complements the existing Quality Dividend Growth range, providing another option for investors seeking a core UK equity investment solution.
“With our Quality Dividend Growth range continuing to grow and attract more interest, the time was right to expand the suite of ETFs and launch a UK-focused approach of our flagship equity strategy for UK investors.”
The launch of UGRW adds to WisdomTree’s portfolio, which includes $14.4 billion in assets under management globally across its equity ETF range. Earlier in 2023, WisdomTree also launched EUR and GBP currency-hedged share classes for its Global and US Quality Dividend Growth Ucits ETFs, allowing investors in Europe and the UK to access these strategies while managing foreign currency risk.
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