International Quality Dividend Growth - 2020 Reconstitution

Seeking AlphaFinancial Advisor | Fixed IncomeInternational Quality Dividend Growth - 2020 ReconstitutionNov. 22, 2020 8:58 AM ET|| Includes: BHP, BTI, DEO, EVRZF, GSK, LIN, RIOby: WisdomTreeWisdomTree Asset Management/ETF Provider, Currency, Global Equities, fixed incomeWisdom Tree Blog.cls-1{fill:#024999;}SummaryEarlier this month, WisdomTree conducted its annual reconstitution for all developed international dividend indexes - broad dividends, high dividends and quality dividend growth.
In this post, we will provide a review of the reconstitution of the WisdomTree International Quality Dividend Growth Index.
The biggest single change from a country perspective was Australia, with an increase of 7%.
, CFA
Earlier this month, WisdomTree conducted its annual reconstitution for all developed international dividend indexes - broad dividends, high dividends and quality dividend growth.
In this post, we will provide a review of the reconstitution of the WisdomTree International Quality Dividend Growth Index.
Country and Sector Changes The biggest single change from a country perspective was Australia, with an increase of 7%. This increase is driven by the addition of two Australian mining companies - BHP Group (NYSE: BHP) (4.97% weight) and Rio Tinto Limited (NYSE: RIO) (2.12%).
BHP and Rio Tinto are the two largest metals and mining companies in the world. Both have low levels of financial leverage and steady earnings and have benefited from a significant increase in the price of iron ore this year. BHP generates about 40% of its revenue from iron ore; Rio Tinto more than 50%.1
The United Kingdom had the second largest increase, largely attributed to the addition of the pharmaceutical company GlaxoSmithKline (NYSE: GSK) - a 4.19% weight.
Top 3 Pre-Rebalance and Post-Rebalance Country Weight Changes

When looking at sector changes, Materials had the biggest percentage weight increase, driven by the two Australian companies as well as Linde... Read more