First Trust Portfolios launches ETF

The First Trust Dow Jones STOXX Select Dividend 30 Index was launched as an exchange traded fund.
AUG 30, 2007
By  Bloomberg
The First Trust Dow Jones STOXX Select Dividend 30 Index was launched as an exchange traded fund by First Trust Portfolios LP and STOXX Ltd. on the American Stock Exchange today. To be included in the index, which measures the performance of the 30 highest dividend-paying stocks relative to their home markets in Europe, stocks must have a positive, five-year dividend-per-share growth rate, and a dividend-to-earnings-per-share ratio that is less than or equal to 60%. Index components are weighted by their indicated annual net dividend yield, with the highest dividend yielding companies have the heaviest weight in the index. Securities weighted in the index are capped at 15% and the index universe is reviewed on an annual basis each March. The index has a one-year return of 19.57% and a cumulative return of 44.71% since its introduction on April 13, 2005. First Trust is based in Lisle, Ill. and STOXX Ltd. is based in Zurich, Switzerland.

Latest News

DOGE's cost-cutting team has come knocking at the IRS
DOGE's cost-cutting team has come knocking at the IRS

A member of Elon Musk's extra-governmental efficiency cadre has reportedly made enquiries, raising concerns among staff at the federal tax agency.

KKR drums up more than $850M for real estate credit fund
KKR drums up more than $850M for real estate credit fund

The titanic alternative asset manager sees potential for deals offering a compelling measure of safety.

Number of CFP professionals reaches fresh worldwide record
Number of CFP professionals reaches fresh worldwide record

The global body overseeing the CFP mark hails milestone year, with the US accounting for most of the 230,000 plus planners now holding the designation.

Ackerman promoted at Integrated Partners, Robertson Stephens strengthens board
Ackerman promoted at Integrated Partners, Robertson Stephens strengthens board

Some of this week's hires across the wealth and investment industry

Emergency savings dynamic shifts to positive for first time in three years
Emergency savings dynamic shifts to positive for first time in three years

More Americans have added to their savings than depleted them.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.