According to the announcement, the WisdomTree Emerging Markets High-Yielding Fund is designed to track the WisdomTree Emerging Markets High-Yielding Equity Index – a fundamentally weighted index that measures the performance of high dividend-yielding stocks selected from 19 emerging market nations in Europe, Asia and Latin America. Companies are weighted in the Index based on annual cash dividends paid.
The new ETF will trade on the NYSE under the ticker symbol DEM and will have an expense ratio of .63%.
“We believe the WisdomTree Emerging Markets High-Yielding Fund provides investors with a strong alternative to existing capitalization-weighted emerging markets ETFs.” said Bruce Lavine, President & COO of WisdomTree, in the announcement.
A prospectus is available by calling 1-866-909-WISE (9473) or visiting www.wisdomtree.com.