Today Global X is set to launch another addition to its family of SuperDividend-branded ETFs, which target the securities paying the highest dividends in their respective market segments. The Global X MSCI SuperDividend EAFE ETF (EFAS) is launching on the Nasdaq stock exchange and comes with an expense ratio of 0.55%. It is the seventh fund in the Global X SuperDividend family.
The fund’s underlying index uses the MSCI EAFE Index, which covers developed markets outside of North America as its selection universe. It comprises the 50 stocks paying the highest dividends in that pool and equally weights them.
The Global X SuperDividend ETF (SDIV) is the largest ETF in the SuperDividend family, with more than $775 million in assets under management. The fund is global in nature and covers 100 securities. Other funds in the family cover U.S. equities, emerging market equities, REITs, alternatives and preferred securities.
Contact Heather Bell at [email protected].