Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
WisdomTree Investments Inc. (NASDAQ: WETF), the fifth-largest U.S. issuer of exchange traded funds, today introduced the latest in the company's long line of dividend-focused funds with the debut of the WisdomTree Global SmallCap Dividend Fund (BATS: GSD).
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
GSD is another boon for Kansas-based BATS, which has been looking to bolster the number of ETFs it lists.
The new ETF follows the WisdomTree Global SmallCap Dividend Index (WTGS), which “is a fundamentally weighted index that measures the performance of 1000 largest small capitalization companies that rank within the bottom 5% of the WisdomTree Global Dividend Index by market capitalization,” according to WisdomTree.
Holdings in the index are weighted based on annual cash dividends paid. The WisdomTree Global SmallCap Dividend Fund features exposure to 37 countries, the bulk of which are developed markets. Thirteen of the countries represented in GSD are emerging markets. Due to the fact that it is a global fund, GSD allocates over 49 percent of its weight to U.S. equities. At 10.8 percent, Japan is the only other nation to command a double-digit allocation in the new fund.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
Japanese dividend growth has improved in recent years and the WisdomTree Japan Hedged SmallCap Equity Fund (NASDAQ: DXJS) currently offers a better yield than what investors will find on Japanese government bonds.
Although GSD's underlying index is a new a benchmark, it does come with a tantalizing dividend yield of 4.23 percent, the result of a screening process that captures plenty of stocks that yield north of four percent.
“The WisdomTree Global SmallCap Dividend Index has nearly 40% of its weight in stocks with dividend yields above 4.44%. The MSCI ACWI Small Cap Index only has 16% of its weight in highest quartile and almost 21% weight in non-dividend payers. Although weight may fluctuate throughout the year, at each annual rebalance WisdomTree requires companies to be current dividend payers before inclusion. We believe this limits the weight to firms that tend to be more speculative and lower quality to zero. The MSCI ACWI Small Cap Index does not share this requirement,” said WisdomTree in a note out today.
None of GSD's nearly 500 holdings command weights in excess of 0.82 percent, but the ETF is heavily allocated to just three sectors as financial services, industrials and consumer discretionary stocks combine for 62 percent of the new ETF's weight. GSD charges 0.43 percent a year, or $43 for every $10,000 invested.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.