Global Dividend ETFs

Rounding out its line of dividend exchange traded funds, State Street Global Advisors filed with the Securities and Exchange Commission to launch a global-oriented fund.

According to the SEC filing, the SPDR S&P Global Dividend ETF will try to reflect the performance of the S&P Global Dividend Aristocrats Index, which tracks stocks of global companies that offer high dividend yields.

The component holdings have followed a managed-dividends policy of increasing or stable dividends over at least ten consecutive years, and the holdings have a maximum indicated dividend yield of 10%. The top 100 qualified stocks with the highest yield are selected.

As a way to diversify holdings, the fund can not hold more than 20 stocks from a single country, 35 stocks in each GICs sector, each component’s weighting is capped at 3% and no single country or GICs sector accounts for over 25% of the index.

The index is exposed to both developed and developing markets, including Australia, Canada, China, France, Germany, Hong Kong, Italy, Japan, Netherlands, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, United Kingdom and United States.