SDIV is the first $1 billion ETF for Global X, but the superlatives do not end there for the New York-based issuer. The firm also said the Global X SuperDividend U.S. ETF (NYSEArca: DIV) and the Global X SuperIncome Preferred ETF (NYSEArca: SPFF) have both crossed the $100 million in AUM mark.
Like other ETFs holding preferred stocks, SPFF has benefited from this year’s decline in Treasury yields. DIV has risen 11% this year, due in part to its 20% weight to the utilities group, the best-performing S&P 500 sector in 2014. [Right Sector Mix Boosting This Dividend ETF]
With Treasury yields falling and the search for yield remaining intense, investors continue to embrace master limited partnerships and Global X has benefited from that trend as well. The firm also said the Global X MLP ETF (NYSEArca: MLPA) and the Global X MLP & Energy Infrastructure ETF (NYSEArca: MLPX) each now have more than $100 million in assets. MLPX is just 10 months old.
Global X SuperDividend ETF
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of HYLD.