- Global X experiences strong demand for income producing ETFs
- The Global X SuperDividend™ U.S. ETF, the Global X SuperIncome™ Preferred ETF, the Global X MLP ETF and Global X MLP & Energy Infrastructure ETF (MLPX) each reached $100 million in assets
Global X Management has announced that its suite of income producing ETFs has achieved several key milestones in assets under management. The Global X SuperDividend ETF crossed the $1 billion threshold, while the Global X SuperDividend U.S. ETF, the Global X SuperIncome Preferred ETF, the Global X MLP ETF and Global X MLP & Energy Infrastructure ETF (MLPX) each reached $100 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. U.S. securities account for 23 percent of the fund, while Australia and the U.K. represent 20 percent and 10 percent respectively. The fund has a 12-month dividend yield of 6.06%. The 30 Day SEC Yield (as of the most recent month end) is 5.85%.
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," said Jay Jacobs, research analyst. "Our SuperDividend™ ETF provides access to a class of dividend payers that have traditionally been overlooked by the market."
Global X is a New York-based sponsor of exchange-traded funds that facilitates access to investment opportunities across the global markets. With $3.8 billion in managed assets as of May 2014, Global X offers income-oriented, international, and alternative exchange-traded funds.