DJ Stoxx global dividend index licensed to underlie iShares

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The Dow Jones Stoxx Global Select Dividend 100 index has been licensed to iShares to underlie an ETF listed on the Deutsche Boerse today.

The index comprises the 100 highest dividend-yielding stocks worldwide, including 40 stocks from the Americas, and 30 stocks from Europe and Asia Pacific. Dow Jones says the index methodology is unique, as the components are weighted according to dividend yield rather than the traditional market capitalisation. iShares' latest ETF based on this index adds to its existing range tracking other DJ Stoxx Select Dividend indices, which provide exposure to single countries and specific regions. The weight of individual components in the index is capped at 15% in order to prevent it being...

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