] has a new exchange traded product ready to debut.
The new ETF which will invest on stocks with high dividends and
low volatility, in an attempt to follow through the success of the PowerShares S&P 500 Low Volatility Portfolio.
Tracking the S&P 500 Dividend Index
, the PowerShares S&P 500 High Dividend Portfolio
will trade at NYSE Arca
with the ticker SPHD. A 0.30 percent annual expense ration will be charged to investors,
reports Index Universe
This new offering will compete with existing high dividend and low volatility ETFs such as SSgA's SPDR S&P Dividend ETF
and iShares High Dividend Equity Index Fund.
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