June 09, 2011 at 09:47 AM EDT
Dividend ETF On Steroids: Global X Debuts “SuperDividend” Fund
Global X added another product to a growing lineup of ETFs focusing on dividend-paying equities on Thursday, rolling out its SuperDividend ETF (SDIV). The new fund, the 35th from the New York-based issuer, will seek to replicate the Solactive Global SuperDividend Index. That benchmark is equal-weighted, and includes 100 high-yielding equities from nearly two dozen emerging and developing economies. The U.S. accounts for about 32% of the new dividend ETF, followed by Australia (24%), Britain (10%), and Canada (6%). The underlying index will be rebalanced semi-annually. From a sector perspective, SDIV’s holdings will be spread across various corners of the global economy: REITs (22%), consumer discretionary (16%), and telecom (16%) account for the largest allocations, followed by financial services firms, utilities, and banks. Dividend ETFs In Focus ETFs offering exposure to dividend-paying companies have become tremendously popular over the last several years, thanks in part to the low interest rate [...] Click here to read the original article on ETFdb.com. Related Posts: Three Global Dividend ETF Options ETF Dividend Ideas For 2011 ETF Winners And Losers From The Great Tax Compromise ETF Ideas For Deflation Defense
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