Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
Products February 19, 2008
SPDR International Dividend ETF Kicks Off Trading
State Street Global Advisors (SSgA) announced that the SPDR S&P International Dividend exchange traded-fund (ETF) began trading on the American Stock Exchange on Tuesday.
Reported by Fred Schneyer
SSgA said the SPDR S&P International Dividend ETF seeks to track the S&P International Dividend Opportunities Index, which includes 100 tradable, exchange-listed stocks from around the world that offer high dividend yields.
The stocks included in this index must have a minimum total market capitalization of $1.5 billion, a three-month average daily value traded greater than $10 million, and must have traded at least 300,000 shares for each of the preceding six months, according to the company.
Additionally, for inclusion in the index, the stocks must have positive five-year earnings growth and profitability as measured by positive earnings per share over the latest 12-month period. The ETF’s expense ratio will be 0.45%.
« Gateway Investment Advisers Acquired By Natixis Global Asset Management