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WisdomTree Launches Quality Growth ETF

WisdomTree Investments has come to market today with the announcement for the launch of a new quality growth ETF to join its existing suite. The WisdomTree U.S. Quality Growth Fund (QGRW) plans to follow the WisdomTree U.S. Quality Growth Index which is a market-cap-weighted index that positions its assets based on growth and quality. There’re 100 securities in the index and each of them are equally weighted. The index determines the growth based on a 50% weight in media analyst earnings, 25% for 5 year EBITDA growth, and 25% for 5 year sales growth.