PowerShares has launched a new equity index fund – the PowerShares S&P 500 High Dividend Low Volatility UCITS ETF – on Deutsche Borse’s Xetra.
The new ETF provides investors access for the first time to performance of US companies with high dividend yields and low volatility. The reference index firstly comprises 75 companies with the highest dividend yields from the S&P 500, and then proceeds to identify the 50 with the lowest volatility.
The product offering in Deutsche Börse’s XTF segment currently comprises a total of 1,068 exchange traded funds. This selection, together with an average monthly trading volume of around EUR13 billion.