From 20 ETFs in a Day to Portfolio Partner: WisdomTree Two Decades Later
It gives a view into how one large ETF issuer describes its dividend growth methodology and the support it builds around model portfolios. The advisor-relationship comments offer a read on how issuer consolidation pressures are being described by a fund provider at a conference.
Summary
By the etfs deskETF.com's Sumit Roy interviews WisdomTree's Joe Grogan about DGRW, the firm's $17 billion quality dividend growth ETF, and why it favors companies that grow dividends while still reinvesting in their businesses rather than the highest yielders. Grogan also looks back on WisdomTree's 20 years, from launching 20 ETFs in a single day to building model portfolios, portfolio construction support and a digital assets business. The conversation closes with what he heard from advisors at Future Proof about wanting fewer, deeper relationships with fund providers.
- DGRW is a $17 billion quality dividend growth ETF that focuses on companies growing dividends while reinvesting in their businesses, rather than chasing the highest yields.
- The conversation covers how the fund has compounded about 12.5% a year without chasing the highest yields.
- WisdomTree launched 20 ETFs in a single day 20 years ago and has since added model portfolios, portfolio construction support and a digital assets business.
- Grogan says advisors want fewer, deeper relationships with fund providers, which he says makes the ETF business harder for smaller issuers.
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