The proposed ETF will round out SSgA’s line of dividend ETFs, including SPDR S&P Dividend (NYSEArca: SDY), which has a 3.02% 12-month yield, SPDR S&P Emerging Markets Dividend ETF (NYSEArca: EDIV), which has a 5.5% 12-month yield, and SPDR S&P International Dividend ETF (NYSEArca: DWX), which has a 6.07% 12-month yield. [International Dividend ETFs]
The fund will also compete with other global dividend ETFs, like the Global X SuperDividend ETF (NYSEArca: SDIV), which tracks 100 equally weighted companies that are ranked among the highest dividend yielding equity securities in the world. SDIV has a 7.22% 12-month yield. [A global Dividend ETF with an 8% Yield]
Some other global dividend ETFs include:
- Guggenheim S&P Global Dividend Opportunities Index ETF (NYSEArca: LVL): 7.18% 12-month yield
- First Trust Dow Jones Global Select Dividend Index (NYSEArca: FGD): 4.79% 12-month yield
- WisdomTree Global Equity Income Fund (NYSEArca: DEW): 3.75% 12-month yield
For more information on new fund products, visit our new ETFs category.
Max Chen contributed to this article.