ETFS launches global dividend fund

The ETFX Global Dividend Fund is synthetically replicated, as with all products on the ETF Exchange equity platform, using a multi-counterparty swap model. The ETF tracks a Dow Jones net total return index, meaning dividends are automatically reinvested. ETFS says the mean historical dividend yield on the underlying benchmark stands at 5.74%, calculated monthly since September 2007. The 100 constituents of the index are subject to screening on both dividend quality and liquidity. Requirements include a non-negative dividend-per-share growth rate over the past five years and a minim...