According to the announcement, the new fund from the WisdomTree Trust is a dividend-weighted exchange-traded fund (ETF), which tracks an index comprised of approximately 224 dividend paying companies in 19 developed market countries across Europe, Asia, and the Far East. The companies’ primary business is operating or developing real estate.
The ETF will have an expense ratio of 58 basis points and The Kellogg Group will act as the specialist for the product, the announcement said.
“Real estate has been a strong performing asset class over the last few years and we are pleased to introduce a unique investment vehicle focused exclusively on diversifying investors across international borders,” said Bruce Lavine, President & COO of WisdomTree, in the announcement.
More information can be found at www.wisdomtree.com.