New Japan ETFs from WisdomTree Investments (DFJ, DNL, DXJ)

CNBC TV just had Jeremy Siegel on to discuss new ETF offerings from WisdomTree Investments (WSDT). Among its offerings covering Japan include: WisdomTree Japan Small Cap Dividend Fund (DFJ), WisdomTree Japan High-Yielding Equity Fund (DNL), and WisdomTree Japan Total Dividend Fund (DXJ). The ETFs are to have started trading from today.

The High-Yielding Equity Fund will cover multiple capitalizations of stocks while the Total Dividend Fund will cover the broader market.

If you don't know about Siegel, who serves as advisor to WisdomTree, he is one of the biggest advocates of dividends and how dividend paying stocks can outperform over the long run. Surprisingly his research at the Wharton School of U. Penn found Japanese small caps (I didn't catch if it also held true for Wisdom Tree's international small-cap fund) had an even better dividend weighting than large-caps.

Siegel also said that fees for WisdomTree's international ETFs are all competitive at under 0.50%.

Click here to read Russell Bailyn's coverage of Wisdom Tree Investments' launch of its 20 new ETFs.

Click here for a press release covering WisdomTree's ETFs.

Comments

[Steven Towns:]

I just created an account at WisdomTree and am going through the prospectus of its ETFs. Please note that total management fees and expenses are listed as follows:

Japan Total Dividend Fund (DXJ): 0.48%
Japan High-Yielding Equity Fund (DNL): 0.58%
SmallCap Dividend Fund (DFJ): 0.58%

For comparative purposes:

iShares MSCI Japan Index ETF (EWJ): 0.57%
iShares S&P / TOPIX 150 (ITF): 0.50%
Vanguard Pacific VIPERS (VPL): 0.18%*
Japan Smaller Cap Fund (JOF): 1.32%**
Japan Equity (JEQ): 1.07%**

*Majority of holdings are from Japan but includes other country exposure.

** JOF and JEQ are closed end funds.

Sources: Morningstar, Yahoo! Finance, MSN Money

2006 Jun 16 12:14 PM