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Global X SuperDividend ETF surpasses USD1bn in assets

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Exchange-traded fund sponsor Global X Management’s Global X SuperDividend ETF (SDIV) has crossed the USD1 billion threshold.

In addition, the Global X SuperDividend US ETF (DIV), the Global X SuperIncome Preferred ETF (SPFF), the Global X MLP ETF (MLPA) and Global X MLP & Energy Infrastructure ETF (MLPX) each reached USD100 million in assets. 
 
SDIV, launched in August 2011, tracks the Solactive SuperDividend Index, providing exposure to 100 equal weighted companies that are among the highest dividend yielding stocks around the globe. US securities account for 23 per cent of the fund, while Australia and the UK represent 20 per cent and 10 per cent respectively. The fund has a 12-month dividend yield of 6.06 per cent. The 30 Day SEC Yield (as of the most recent month end) is 5.85 per cent. 
 
Global X added SPFF in 2012 and DIV in 2013 to provide additional tools to investors looking to access alternatives to fixed income with high yield potential. SPFF equal weights 50 of the highest paying preferred stocks listed in the US and Canada, while DIV equal weights 50 of the highest yielding US dividend payers.
 
The strong inflows into the three funds come at a time when persistently low interest rates have made alternatives to fixed income securities, such as dividend stocks and preferred shares, attractive to investors.
 
"In this low and uncertain interest rate environment, we believe exposure to global dividend payers can provide key diversification to income-oriented portfolios," says Jay Jacobs, research analyst. "Our SuperDividend ETF provides access to a class of dividend payers that have traditionally been overlooked by the market."

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