Analyse: db x-trackers Stoxx® Global Select Dividend 100 UCITS ETF

Monadelphous statt Apple, Pitney Bowes statt Exon und Belgacom statt Microsoft: Dieser globale ETF gewichtet Aktien nach Dividendenrendite und nicht nach Marktkapitalisierung.

Rolle im Portfolio

The db x-trackers STOXX Global Select Dividend 100 ETF provides equity exposure to the highest dividend paying companies in America, Europe and Asia/Pacific. The index correlated 86% with the MSCI World Index over the last three years and therefore offers limited diversification benefits within a broader equity allocation.

As the index is well diversified across well over 10 countries and sectors around the globe, this ETF is best deployed as a core holding in a well diversified portfolio.

During the financial crisis many firms which were traditionally big dividend payers--in particular banks--had to cut their payouts and saw their share prices fall as investors fled to safe-havens. However, cost-cutting exercises left many companies with huge cash reserves which are now being returned to investors, in some cases even topping pre-crisis dividend payout levels. In particular, the utilities sector--representing 17% of the index’s value--often attracts investors because it has historically produced strong, stable cash flows and dividends.

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Über den Autor

Gordon Rose, CIIA, CAIA,

Gordon Rose, CIIA, CAIA,  war von 2011 bis 2014 Fondsanalyst bei Morningstar.

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