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Global X Funds launches MSCI SuperDividend EAFE ETF


Global X Funds, a New York-based provider of exchange-traded funds, has launched the Global X MSCI SuperDividend EAFE ETF (EFAS), tracking the MSCI EAFE Top 50 Dividend Index.

The new fund is the 11th in Global X's suite of income-producing ETFs, and the seventh in its SuperDividend suite.
Global X's suite of SuperDividend ETFs hold among the highest-yielding securities across a variety of geographies and asset classes including stocks in the US, globally, and emerging markets, and REITs, preferreds, and alternatives.
EAFE, referring to Europe, Australia, and Far East, will further expand investors' reach to developed international markets.
As with other funds in the SuperDividend suite, EFAS will offer distributions monthly.
"Amidst a persistently low interest rate environment, investors are continually searching for sources of income," says Jay Jacobs, director of research of Global X. "We see tremendous value in the high dividend segment of developed international markets and we're proud to offer investors EFAS, which provides efficient exposure to these equities. We see additional value in investors utilising the fund to help diversify their geographic, currency and interest rate exposures."

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