DekaBank has announced the launch of a ETF tracking high dividend stocks excluding financials.
The Deka EURO iSTOXX ex Fin Dividend+ Ucits ETF allows investors aims to offer investors access to the performance of the 50 highest dividend stocks in the euro zone, excluding financials. The companies included in the reference index are weighted by dividend yield.
It’s benchmark is the EURO iSTOXX ex Financials High Dividend 50 Index. Gordon Rose, head of ETF Management and Development, at Deka Investment, commented: “The EURO STOXX Index is one of Europe’s most well-respected benchmarks for companies in the Eurozone. Adding ex-Financials and high dividend yield filters to this makes a very appealing index for market participants.”
The fund is now tradeable on Xetra, Deutsche Börse Frankfurt and Deutsche Börse Stuttgart.