Indxis UK dividend index to underlie ETFs

Indxis sales director Alan Price says the firm has been talking to a number of sponsors interested in launching products tied to its UK benchmark, but warns that it takes a long time for providers to develop ETFs. The Indxis UK Dividend Achievers index, launched last year, is comprised of 102 of the most consistent dividend yielding stocks in the UK. Indxis says it returned 20.85% in the twelve months to the end of January, outperforming the MSCI UK by 2.96% The company claims an investor who had put £10,000 in a UK Dividend Achievers ETF would have seen an absolute return of just ove...