A new equity index fund from the ETF offering issued by PowerShares Global Funds has been tradable on Xetra since Thursday.
ETF name: PowerShares S&P 500 High Dividend Low Volatility UCITS ETF
Asset class: equity index ETF
ISIN: IE00BWTN6Y99
Total expense ratio: 0.30 percent
Distribution policy: distributing
Benchmark: S&P 500 Low Volatility High Dividend Index
The PowerShares S&P 500 High Dividend Low Volatility UCITS 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 €13 billion, makes Xetra Europe’s leading trading venue for ETFs.
