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SSGA expands SPDR ETF equity income suite


State Street Global Advisors (SSGA) has expanded its SPDR ETF equity income suite of funds with the launch of the SPDR S&P 500 High Dividend ETF (SPYD) on the NYSE Arca. 

Providing access to a portfolio comprised of the 80 highest dividend paying stocks in the S&P 500 Index, SPYD is designed for investors seeking both equity income and the potential for capital appreciation at a relatively low gross expense ratio of 0.12 per cent.

“As dividend paying stocks have generally underperformed broader market exposures this year, investors and advisors continue to assess their options,” says James Ross, executive vice president and global head of SPDR Exchange Traded Funds at State Street Global Advisors. “In providing exposure to a large, diversified portfolio of dividend paying S&P 500 constituents, SPYD helps investors allocate to income-producing stocks that have the potential for attractive price appreciation.”

The SPDR S&P 500 High Dividend ETF seeks to track the performance of the S&P 500 High Dividend Index. The index is designed to measure the performance of the top 80 dividend-paying securities in the S&P 500 Index, based on dividend yield. The index yield of the S&P 500 High Dividend Index is 3.97 percent as of 10/19/15. Index constituents are equally weighted and rebalanced semi-annually. Equal weighting the holdings helps to reduce single security risk that can come with dividend payers.

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