Principal launches actively managed global dividend ETF

May 12th, 2017 | By | Category: Equities

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Iowa-headquartered investment manager Principal Financial has launched the Principal Active Global Dividend Income ETF (GDVD) on the Bats ETF Marketplace. GDVD is an actively managed ETF investing in common stocks and real estate investment trusts that are seen to have attractive and sustainable dividend yields.

Principal launches actively managed global dividend ETF

GDVD invests in global equities and REITs with attractive and sustainable dividend yields.

The fund invests in securities of issuers located throughout the world, including US, international developed and emerging markets companies. It typically holds investments tied economically to at least three countries outside of the US and invests in equity securities of small, medium and large market capitalization companies and in growth and value stocks. The fund’s advisor uses quantitative screens and research on an industry and company level to identify and monitor companies the advisor believes have the commitment and capacity to pay dividends.

GDVD’s total expense ratio is 0.58%.

Year-to-date, Bats has welcomed 36 ETFs to its US market. In the first quarter of 2017, Bats welcomed a total of 23 ETFs from eight issuers to the Bats ETF Marketplace, and year to date, has recorded 39% of all new US ETF listings. There are now 171 ETFs listed on Bats ETF Marketplace, from 33 different issuers.

Laura Morrison, Senior Vice President, Global Head of Exchange-Traded Products at Bats, said: “Growing our issuer list to include investing and retirement leaders like Principal has been a goal of ours since the creation of the Bats ETF Marketplace and we are proud to welcome them today.”

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