It is a passive international equity ETF that tracks an index of developed-market companies outside the US and Canada that pay regular cash dividends, built with a fundamental weighting method. Weights are set to reflect the size of dividends paid.

It suits diversified investors who want international diversification along with exposure to dividend-paying developed-market stocks.

It is an ETF managed by WisdomTree using a passive (index-tracking) approach.

The fund targets developed-market companies outside the US and Canada that pay regular cash dividends, and sets weights using a fundamental weighting method that reflects annual dividend size instead of market capitalization. Companies that pay more dividends receive larger weights, which provides dividend-oriented international exposure.

• Fundamental weighting that reflects dividend size
• Diversification across developed markets excluding the US and Canada

Assets under management (AUM) stand at $656.3M, and the total expense ratio (Expense Ratio) is 0.48% per year.

Unlike market-cap-weighted international ETFs, dividend weighting gives the fund a value and dividend tilt, so performance can differ between phases when dividend stocks lead and phases when growth stocks lead.

International developed-market stocks are affected by each country's economy, exchange rates and rotation between value and growth styles. They can show relative strength when the dollar weakens or when investors favor dividend and value stocks, but they may lag in markets led by US growth stocks.

Money tends to flow into international dividend ETFs when demand for international diversification and dividends rises, while inflows can slow relatively when preference for US stocks strengthens.

Its strength is diversification across international developed markets through dividend weighting, while its weaknesses are currency exposure and a concentration in value and dividend styles.

VYMI, IDV and others shown in the table are ETFs focused on international high dividends, while VIGI and similar products emphasize dividend growth. For broad international equity exposure, you can also compare EFA and VEA, which are representative developed-market ETFs, and IEFA, a low-cost developed-market option. They differ in dividend approach, regional composition and fees, so it is best to choose according to your investment style.

These are the points to review before investing in DWM. As an international dividend ETF, it is important to check currency exposure, style concentration, regional risk and fee level in advance.

Because the fund is exposed to multiple currencies, returns converted into Korean won can swing with exchange rates, and its value and dividend style concentration means it may lag in markets led by US growth stocks. Investors should also consider each country's economy and geopolitical uncertainty.

It is a passive ETF suited to diversified investors who want international diversification along with dividend-paying developed-market stocks. If you want to focus on high dividends, an international high-dividend ETF may fit, and if you want broad, dividend-oriented international diversification, DWM can be an alternative.