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WisdomTree Europe SmallCap Dividend Fund (DFE) Hits 52-Week High

Sanghamitra Saha

For investors seeking momentum, WisdomTree Europe SmallCap Dividend Fund DFE is probably on the radar now. The fund just hit a 52-week high of $65.38. Shares of DFE are up roughly 37.9% from their 52-week low price of $47.40/share. 

But could more gains be ahead for this ETF? Let’s take a quick look at the fund and the near-term outlook to get a better idea on where it might be headed: 

DFE in Focus

The fund looks to track the performance of the WisdomTree Europe SmallCap Dividend Index. The fund is heavy on the by U.K. (24.65%), followed by Sweden (14.48%) and Italy (13.40%). The fund charges 58 bps in total fees (see all European Equity ETFs here). 

Why the Move?

The GDP growth rate in the Euro zone economy was 0.5% in the first quarter of 2017. Investor sentiments are pretty strong about the bloc, helping European stocks outperform in recent sessions. Moreover, since small-cap stocks reflect more of a domestic economy, a pickup in the Euro zone economy has all the reasons to spell good for this ETF.

More Gains Ahead? 

The fund has apositive weighted alpha of 22.70. This positive weighted alpha indicates that there is definitely still some promise for investors who want to ride on this surging ETF.

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WISDMTR-EU SC D (DFE): ETF Research Reports
 
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